1317 Fairview Ave

Joliet, IL 60432
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3 bd, 2 ba | 1,600 sqft | Built in 1958

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List Price
$185,000

Initial Investment

$50,413

Purchase Price

$185,000

Down Payment

25%

Rent

$1,670

Total Return

$55,328

Annualized Return

16.2%

Cap Rate

6.0%

Gross Yield

10.8%

Cash Flow

$243

Appreciation

5.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,668

HOA

None

Flood Risk

Not Required

Rare Opportunity! To find a single-family ranch home in Joliet situated on three total lots in need of rehabbing offering 3 bedrooms and 2 full bathrooms. Upon entering, you'll be welcomed by a spacious living room that flows seamlessly into the kitchen and adjacent breakfast area, perfect for casual meals. A formal dining area provides additional space for family gatherings, with a sliding door leading out to a deck (which is in need of repair, offering the opportunity for customization).The home features three bedrooms, each with ample closet space, providing plenty of room for storage. Don't miss out on this incredible opportunity-this home won't last long! Property is being sold as-is. Schedule your showing today!

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$19,038

Expenses

-$3,738

Property Taxes

-$5,000

Loan Payments

-$10,058

Net Cash Flow

$243

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Brittany Sanchez
Agent License 475188127
Realty of America, LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12336525
Last Updated: 04/20/2025 13:04
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