Will County, Joliet, IL 60433

Solid light cosmetic opportunity in Joliet — a 3-bed 2-bath frame two-story on a 6,321 sqft lot with a 2-car detached garage, finished attic, and full unfinished basement. Recent roof, updated panel, copper plumbing, functional central air, updated windows — the mechanicals are done and the property is genuinely move-in ready with some modernization. Kitchen and bathrooms need updating, flooring and paint throughout — that is the scope. Joliet market up 11.7% year over year with a median sale price of $310K citywide. Updated comps in the immediate area landing at $225K–$235K confirm the ARV. At $165K asking with $25K–$30K in light cosmetic scope this deal pencils cleanly. Tenant-occupied, appointment only. Close date June 20. Reviewing serious interest now. Deal Snapshot: Link to Photos [contact details hidden] Address: 221 Iowa Ave, Joliet, IL 60433 Property Type SFR — Frame Bed / Bath 3 BD / 2 BA Square Footage 1,184 sqft Lot Size 6,321 sqft ConstructionFrame Stories: 2 Asking Price: $145,000 ARV: $235,000 Estimated Rehab $35,000 – $40,000 Garage 2-Car Detached Basement Full — Unfinished Attic Finished Roof Good — Recent HVAC Central Air — Functional Electrical Updated Panel Plumbing Copper — Good Windows Updated — Good Occupancy Tenant-Occupied — Appointment Only Close Date June 20, 2026 Investment Highlights: Updated comps at $225K and $235K in the immediate area — ARV is well supported Joliet market up 11.7% year over year — appreciating corridor with active demand Recent roof, updated panel, copper plumbing, functional central air, updated windows — all major systems current Finished attic — additional usable square footage already there Large 6,321 sqft lot — big driveway, 2-car detached garage — desirable configuration Modern layout with strong bones — clean canvas for a cosmetic flipper Multiple exits — fix and flip, BRRRR, or buy and hold Rehab & Condition Summary: Mechanically solid throughout — nothing major to touch. Recent roof, updated panel, copper plumbing, functional central air, updated windows all in place. Scope is purely cosmetic — kitchen update, bathroom modernization, flooring throughout, and fresh paint. Finished attic is already done and adds usable space above grade. Full unfinished basement is a blank canvas to develop over time. Large lot with big driveway and 2-car garage already in place. Budget $35K–$40K and walk it — the condition will confirm why this is labeled a light cosmetic play. Why It Stands Out: Clean entry point in a market that is moving. Joliet up 11.7% year over year. Updated comps at $225K and $235K confirm where quality renovated product is landing in this zip. At $145K asking on a property with all major mechanicals already done and a light cosmetic scope ahead of you the path to ARV is straightforward. Large lot, 2-car garage, finished attic, and a full unfinished basement give this property more to work with than most competing inventory at this price point in 60433. Dispo Notes / Terms: Cash, hard money, or private money AS-IS — no repairs, no credits Tenant-occupied — appointment only Close date June 20, 2026 Reviewing serious interest now Text or Call Tristin Today @ [contact details hidden] to capitalize on this investment opportunity! We source hand-picked, OFF-MARKET Investment opportunities for Real Estate Investors in the Chicago/Pittsburgh Markets! Text VIP to [contact details hidden] to be added to the Preferred Buyer's List — Limited Slots Available for 2026! Tristin McCarthy Head of Dispositions — Sherman Property Experts [contact details hidden]