1001 Nicholson St Joliet, IL 60435

This unique MFH is located in the SW suburbs of Chicago. It is directly across the street from an elementary school and would make a great rental and / or fix and flip. This property has a huge lot and needs mostly cosmetic work.

Currently it is rented out for below market value so there is a massive value add opputunity once fully updated. Estimated rent in this area is between $1,000 - $1,100.

ARV: $320,000

Repairs: $50,000

Asking: $160,000

6 BD | 3 BA | 2,459 Sq Ft

Lot Size: 14,375 Sq Ft

Year Built: 1910

PIN: 30-07-04-313-024

Annual Taxes: $7,862

Unit 1 Monthly Income: $600 (Occupied Month / Month)

Unit 2 Monthly Income: $0 (Vacant)

Unit 3 Monthly Income: $0 (Vacant)

Total Monthly Income: $600 (1/3 units occupied)

Potential Monthly Income: $3,000+ (fully occupied)

Nearby Schools

M J Cunningham Elementary School (.04 miles)

University of St Francis (.67 miles)

Joliet West High School (2.38 miles)