🏡 INVESTOR OPPORTUNITY — JOLIET, IL 💰
📍 708 Fox St, Joliet, IL 60432
Looking for your next rental property? This spacious 2-bedroom, 1-bath ranch sits on approximately 0.58 acres across 5½ lots, offering plenty of space and long-term investment potential! 🔑📈
✨ Property Highlights:
🛏️ 2 bedrooms
🛁 1 full bathroom
📐 Approximately 1,437 sq. ft.
🌳 Over half an acre of land
🚗 Attached 2-car garage
📦 Garage attic with pull-down stairs
🏚️ Two storage sheds — approximately 8×8 and 10×10
🍽️ Bright eat-in kitchen overlooking the yard
🧺 Basement laundry area
📦 Additional basement storage
☀️ Front deck and covered porch
📍 Located in unincorporated Joliet
📈 Investment Breakdown:
- 🔑 Sale Price: $135,000
- 🛠️ Estimated Rehab Costs: $40k
- 💎 After Repair Value (ARV): $225,000
- 🏠 Taxes:$3,839
- 💰 Market Rents: $1,500/2bd
The home sits on 3½ lots under one PIN, with two additional neighboring lots immediately north of the property under two separate PINs. This could provide additional flexibility or future opportunity, subject to zoning and municipal approval.
🔧 Major Updates:
✅ Well, pump and bladder replaced in 2015
✅ Air conditioning replaced in 2016
✅ Furnace replaced in 2019
✅ Windows include a transferable warranty
This property could make a great long-term rental, buy-and-hold investment, or value-add project. The oversized yard, garage, storage space, updated mechanicals, and additional land help set it apart from a typical rental property. 🏘️💵
Don’t miss this opportunity—deals with this kind of upside move fast!