Under $200K Investment Properties for Sale in Joliet, IL
303- 2 Bed
- 1 Bath
- 816 sft
106- 3 Bed
- 1 Bath
- 1060 sft
149- 3 Bed
- 3 Bath
- 1528 sft
204- 2 Bed
- 2 Bath
- 1200 sft
Why Invest in Joliet, Illinois?
Joliet, IL offers strong investment potential in properties under $200k, particularly in areas like ZIP 60433 where values average around $206k. Stable appreciation and rental demand from commuters to Chicago make these affordable homes attractive for cash-flowing rentals. With Illinois median prices rising 3.4% projected for 2026, under-$200k properties provide entry points with cap rates around 7-8%. Proximity to industrial hubs supports consistent tenant occupancy near 40% renter households. Low entry costs enable higher yields in a market showing 2-13% annual price growth.
Frequently Asked Questions
Yes, particularly in ZIP 60433 where average home values are around $206k, offering entry-level single-family homes and duplexes. These properties suit cash-flow investors due to strong rental demand. Proximity to Chicago supports tenant stability.
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