Under $300K Investment Properties for Sale in Joliet, IL
21- 3 Bed
- 1 Bath
- 1542 sft
480- 3 Bed
- 3 Bath
- 1800 sft
29- 4 Bed
- 2 Bath
- 1796 sft
303- 2 Bed
- 1 Bath
- 816 sft
Why Invest in Joliet, Illinois?
Joliet, IL offers strong investment opportunities in homes under $300k, with median prices around $300K showing 13.2% year-over-year growth. Rental yields average 7-8% in this market, supported by steady appreciation and a renter-occupied rate near 35%. Cap rates hover at 6-7%, making entry-level properties cash flow positive for investors. Proximity to Chicago drives demand, with homes selling in about 64 days on average. Industrial expansion boosts job growth, enhancing long-term ROI potential.
Frequently Asked Questions
Investors can expect avgROI around 9-10% with cap rates of 6-7% on properties under $300k. Rental yields average 7.8% supported by $1,650 avg rents. Appreciation has been strong at 13% YoY.
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