2437 Grape St

Joliet, IL 60435
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4 bd, 3 ba | 2,336 sqft | Built in 1971

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List Price
$296,500

Initial Investment

$80,796

Purchase Price

$296,500

Down Payment

25%

Rent

$2,530

Total Return

$137,399

Annualized Return

22.0%

Cap Rate

5.7%

Gross Yield

10.2%

Cash Flow

-$419

Appreciation

8.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Welcome to 2437 Grape St. nestled in unincorporated Joliet with Plainfield schools! This captivating property presents 4 generously sized bedrooms and 2 1/2 baths, spanning over 2300 square feet of luxurious living space. Ideal for accommodating your needs, this residence also features a full unfinished basement, awaiting your personal design to transform it into a dreamy home gym, media sanctuary, or additional living area. Step outside into the expansive fenced backyard, an idyllic retreat perfect for hosting outdoor gatherings and activities. With ample space for a playset, garden oasis, or a cozy patio for grilling and entertaining, every moment spent here is destined for cherished memories with loved ones. Plus, there are no HOA fees to contend with, and the property taxes are delightfully low. Conveniently located, this home offers easy access to a plethora of dining options just moments away, ensuring delightful evenings out with minimal hassle. Nearby shopping destinations cater to all your retail desires, while swift access to expressways simplifies your daily commute, bringing the best of convenience right to your doorstep. With newer AC/furnace, water heater, and water softener, this home is not only charming but also boasts modern comforts and conveniences. Don't let this opportunity slip away-schedule a viewing today and seize the chance to make this enchanting property your own before it's too late!

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

Annual Financial Highlights

Expected Rent

$28,842

Expenses

-$5,491

Property Taxes

-$7,650

Loan Payments

-$16,119

Net Cash Flow

-$419

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:Peter Poidomani
Agent License 475144307
The Sokol Group
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12028125
Last Updated: 04/22/2024 16:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.