Joliet, IL Residential Income Properties for Sale

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Updated: Aug 18

Occupied Two-Unit Duplex

1312 ELIZABETH Street, Joliet, IL 60435

$290,000

1,572 sqft 0.15 AC lot

Two‑unit duplex with approximately 1,572 sq ft across separate residences
Both units are leased to in‑place tenants
50 x 132 lot totaling about 6,600 sq ft
Individual appliances provided in each unit
Tenant‑paid utilities

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This listing looks promising.

Here's a quick look at some key insights for

1312 ELIZABETH Street, Joliet, IL 60435

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Est. Cap Rate

5.8%
NOI ÷ price
Est. NOI

$17K
Annual
Price @ 7% Cap

$239K
Suggested
Property Type

Single Family Residence
Built 1916

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Updated: Jun 9

Updated Duplex for Income

1307 E Cass Street, Joliet, IL 60432

$338,999

0.10 AC lot

Two‑unit duplex with 2026 kitchen updates and new appliances
2026 bathroom updates plus new kitchen and bath flooring
Over 85% new windows and roof replaced in 2026
Sump pump added/updated in 2024, plus 2026 water heater
Well water source with forced air natural gas heating

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Four-Unit Quadplex with 3-Car Garage

408 Campbell Street, Joliet, IL 60435

$525,000

0.14 AC lot

Fully occupied quadplex with three 1-bedroom units and one studio on month-to-month leases, updated within recent years.

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2-Unit Duplex Building with Carport Parking

101 S Eastern Avenue, Joliet, IL 60433

$399,000

2-unit duplex with covered 2-car carport, forced-air heat, and public water and sewer.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Cottage-Style Duplex Property

558 E Benton Street, Joliet, IL 60432

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0.12 AC lot

Cottage-style two-unit duplex with natural gas heat, public sewer, and a fenced lot in Joliet, IL.

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Two-Unit Duplex with Garage

422 Francis Street, Joliet, IL 60432

$189,900

Residential duplex featuring two-bedroom units, a partially finished basement, deck, and enclosed front porch.

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Duplex with 2-Car Garage

1103 Kelly Avenue, Joliet, IL 60435

$273,000

Duplex built in 1915 with vinyl siding, natural gas forced-air heat, and public water and sewer services.

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Spacious Duplex with Private Yard

1210 Fawnlily Circle, Joliet, IL 60431

$325,800

1,623 sqft

Gorgeous duplex with private yard, modern amenities, and community features.

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Duplex with Detached 2-Car Garage

807 Farragut Place, Joliet, IL 60435

$275,000

Duplex in Joliet built in 1912 with steam heat, public water and sewer, and a detached 2-car garage.

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Cape Cod Duplex with Coach House

417 W Jefferson Street, Joliet, IL 60435

$224,873

Two homes on one lot with a coach house, recently remodeled kitchen, and natural gas heat with public water and sewer.

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Updated Four-Unit Building

316 Oneida Street, Joliet, IL 60435

$395,000

Four residential units offer refreshed kitchens, baths, and split A/C systems.

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Cottage-Style Duplex

558 E Benton Street, Joliet, IL 60432

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Occupied two-unit residence with separate layouts and MULTI zoning in an established Joliet neighborhood.

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Renovated Duplex with Income Potential

207 S Ottawa Street, Joliet, IL 60436

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Updated duplex featuring two units, renovated in 2020, new roof.

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Two to Four Units / 2 Flat

132 Akin Avenue, Joliet, IL 60433

$295,900

Duplexes

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Updated Quadplex with Garage

408 Campbell Street, Joliet, IL 60435

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Fully occupied quadplex offering varied unit layouts, flexible leases, and off-street parking.

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Multifamily Property with Two Units

518 N Raynor Ave, Joliet, IL 60435

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Two-unit multifamily property available for sale.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 16 Active listings in Joliet, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

5-Unit Apartment Building with Garage

1709 S State Street, Lockport, IL 60441

$575,000

Residential income property with a two-bedroom unit, additional one-bedroom units, basement storage, and outdoor tenant space.

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Land in Downtown Plainfield Location

000 Wood Farm Road, Plainfield, IL 60544

$4,805,750

14.71 AC lot

Land suitable for high-density multi-family development in Plainfield, Illinois.

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Five-Unit Residential Property For Sale

1709 South State Street, Lockport, IL 60441

$599,000

Five-unit residential property near train, downtown, and highways.

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Six-Unit Apartment Building For Sale

15412 S James St, Plainfield, IL 60544

Contact for pricing

Six-unit apartment building near downtown Plainfield and high school.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Residential Land Near Parks, Schools

1106 Magnolia Avenue, Joliet, IL 60432

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0.11 AC lot

Residential land near schools, parks, transportation, and shopping centers.

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Residential Lot in Lockport

1600 Fairmount, Lockport, IL 60441

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Undeveloped residential lot in Lockport, Illinois.

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Residential Lot in Lockport, IL

219 Reverend Walton Drive, Lockport, IL 60441

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Undeveloped residential lot in Lockport, Illinois.

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Residential Land in Lockport, IL

2215 Fairview Street, Lockport, IL 60441

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Vacant residential lot, never developed, in Lockport, Illinois.

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Off-Market Properties in Joliet, IL

Consider similar Off-Market properties in Joliet, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

GARDEN APT, COURT APT (5+ UNITS)

7445 Roosevelt Rd, Forest Park, IL 60130-2555

$1,650,000

Estimated value

0.07 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

7445 Roosevelt Rd, Forest Park, IL 60130-2555

$1,650,000

Estimated value

0.08 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

1132 Troost Ave, Forest Park, IL 60130-2179

$1,900,000

Estimated value

0.25 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

501 Cir Ave, Forest Park, IL 60130-3285

$390,000

Estimated value

0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

432 Ferdinand Ave, Forest Park, IL 60130-1766

$170,000

Estimated value

1,657 sqft 0.14 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

540 Beloit Ave, Forest Park, IL 60130-2744

$240,000

Estimated value

3,063 sqft 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

929 Cir Ave, Forest Park, IL 60130-2879

$530,000

Estimated value

2,208 sqft 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

9 Bergman Ct, Forest Park, IL 60130-2760

$390,000

Estimated value

1,941 sqft 0.08 AC lot

View details

Joliet, IL Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Joliet, IL, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 3,195 square feet of properties for sale, with an estimated market value of $3,532,472.

Sale prices for residential income properties in Joliet, IL start at $189,900, averaging $321,133, and reaching up to $525,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 167K

Population Growth (5Y) +1.1%

Median Household Income $82,554

College Educated 27.4%

High-Yield Neighborhoods for Investment

Identify Joliet submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60432	$262.9K
60435	$314.6K
60433	$422.7K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Will County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Joliet fall within the 100,000+ square foot range.

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Joliet, IL Residential Income Properties for Sale

1312 ELIZABETH Street, Joliet, IL 60435

1307 E Cass Street, Joliet, IL 60432

408 Campbell Street, Joliet, IL 60435

101 S Eastern Avenue, Joliet, IL 60433

558 E Benton Street, Joliet, IL 60432

422 Francis Street, Joliet, IL 60432

1103 Kelly Avenue, Joliet, IL 60435

1210 Fawnlily Circle, Joliet, IL 60431

807 Farragut Place, Joliet, IL 60435

417 W Jefferson Street, Joliet, IL 60435

316 Oneida Street, Joliet, IL 60435

558 E Benton Street, Joliet, IL 60432

207 S Ottawa Street, Joliet, IL 60436

132 Akin Avenue, Joliet, IL 60433

408 Campbell Street, Joliet, IL 60435

518 N Raynor Ave, Joliet, IL 60435

Opportunities in Nearby Cities

1709 S State Street, Lockport, IL 60441

000 Wood Farm Road, Plainfield, IL 60544

1709 South State Street, Lockport, IL 60441

15412 S James St, Plainfield, IL 60544

Potential Development Sites for Consideration

1106 Magnolia Avenue, Joliet, IL 60432

1600 Fairmount, Lockport, IL 60441

219 Reverend Walton Drive, Lockport, IL 60441

2215 Fairview Street, Lockport, IL 60441

Off-Market Properties in Joliet, IL

7445 Roosevelt Rd, Forest Park, IL 60130-2555

7445 Roosevelt Rd, Forest Park, IL 60130-2555

1132 Troost Ave, Forest Park, IL 60130-2179

501 Cir Ave, Forest Park, IL 60130-3285

432 Ferdinand Ave, Forest Park, IL 60130-1766

540 Beloit Ave, Forest Park, IL 60130-2744

929 Cir Ave, Forest Park, IL 60130-2879

9 Bergman Ct, Forest Park, IL 60130-2760

Joliet, IL Residential Income Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Property Size Breakdown

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