Available
$145,000(ARV: $240,000)69% of ARV

Will County, Joliet, IL 60436

3 bd1 ba700 sfBuilt 1949

18 days ago

Gross spread$75,000

Description

912 Jasper St is a tenant-occupied single-family rental in Joliet that's already been cared for — this is a cosmetic play, not a project. The hard, expensive systems are handled: full basement in excellent condition, roof 4-10 years old, central AC working, furnace working, and a water heater installed in the last 5 years. Add a brand-new driveway and good vinyl siding, and your capital goes straight into finishes that drive value, not surprises.Link to Photos & Video Walkthrough - [contact details hidden] DEAL SNAPSHOT Property type: Single-family residence Condition: Light rehab Occupancy: Tenant occupied Rehab estimate : $25,000–$35,000 (For Flip) No Rehab needed to maintain as Rental Tenants are paying $1,100 in Rent Roof: Asphalt shingle, 4-10 yrs A/C: Central — working Heating: Furnace (11-20 yrs) — working Water heater: 0-5 yrs Electrical: 100A breakers Plumbing: Copper Foundation: Full basement — Excellent Parking: Detached garage + brand-new driveway INVESTMENT HIGHLIGHTS- Cosmetic-only scope: kitchen, baths, flooring, paint- Hardwood on main floor in living room and bedrooms- Functional kitchen layout — ready for new cabinets and updates- Upside: room to add a 4th bedroom (needs closet + egress window)- Tenant in place — no vacancy from day one- Major systems already updated: new water heater, solid roof, new driveway REHAB / CONDITION Well-maintained with recent upgrades. Biggest-ticket items are kitchen, baths, flooring, and paint — all finish work. Kitchen and baths are fair (10-20 yrs), flooring fair, walls/ceilings good, windows mixed/good. No mold observed. Rep scope: $25,000–$35,000 to bring finishes current and unlock the 4th-bedroom conversion. WHY THIS DEAL STANDS OUT Most "light rehab" rentals hide a bad roof, a tired furnace, or a wet basement. This one doesn't. The capital-intensive items are done, so your budget is predictable and your timeline is short. A real, well-kept rental with forced-equity upside through a bedroom add — exactly the kind of low-risk reposition out-of-state and local buyers want. DISPO NOTES / TERMS- Occupancy: Tenant occupied — showings coordinated, do not disturb tenant- Clean, straightforward seller with a defined timeline — expect a smooth, certain close- Cash or hard money, proof of funds required- Call/message for pricing, access, and EMD terms Serious buyers only — message now for price and a walkthrough before this one's spoken for.

Price and status history

  1. $165,000 → $145,000−$20,000
    Oct 15, 2026 · 16d ago

Observed by our own harvest of the originating listing, not a public record.

$/sqft vs market

This deal$207/sqft
Market median$194/sqft
Difference+7% above

Median of 9 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms3
Bathrooms1
Square feet700
Lot size5,663 sf
Year built1949
ConditionLight Rehab
OccupancyTenant Occupied
ParkingDetached Garage

Systems & condition

Roof age4-10 yrs
HeatingFurnace · 11-20 yrs
Air conditioningCentral AC
FoundationFull basement
Foundation conditionGood

Self-reported by the seller. Not inspected.

Property information

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