Multi Family Investment Properties for Sale in Joliet, IL
60- 6 Bed
- 5 Bath
- - sft
894- 2 Bed
- 2 Bath
- 1284 sft
643- 3 Bed
- 3 Bath
- 1584 sft
1101- 4 Bed
- 2 Bath
- - sft
Why Invest in Joliet, Illinois?
Joliet, IL offers strong potential for multi-family investments with steady demand from renters. Proximity to Chicago supports consistent occupancy, while home values have risen 13.2% year-over-year to a median of $300K. Average cap rates around 6-7% and rental yields of 5-6% make it attractive for cash flow. Appreciation trends and job growth in the region enhance long-term returns. Renter-occupied units exceed 30%, signaling reliable income streams.
Frequently Asked Questions
Joliet offers strong renter demand due to its Chicago proximity and job growth. Multi-family investments benefit from 5-6% rental yields and 13% recent appreciation. Stable occupancy above 30% ensures reliable cash flow.
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