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333 Illinois Ave

333 Illinois Ave

Lorain, Ohio 44052

Multi FamilyNo Mortgage
Share price—
Avg yield—
Current yield0%
CommunityDiscuss this property with investors and the property manager

About

2-unit duplex located in Lorain, Ohio a few blocks from Lake Erie on a 6,534 sq ft lot. The back unit features 4 bedrooms, 1 bathroom, a separate living and dining room, and an attached one-car garage, while the front unit includes 2 bedrooms, 1 bathroom, and a large living and dining room. The front unit is occupied on a 1-year lease renewal from 05/03/2025 to 05/02/2026 at $1,125 per month with a $985 security deposit, and the back unit is occupied on a 1-year lease from 08/01/2025 to 07/31/2026 at $1,025 per month with a $1,025 security deposit. $2,567.79 in operating cash is being held by the previous property manager to cover outstanding bills and will be transferred once settled.

Property Management

M1 Homes LLC

Joshua D'Ariano, the owner of M1 Homes LLC, is a dynamic entrepreneur, real estate investor, and environmental advocate based in Tiffin, Ohio. He oversees a decamillion-dollar real estate portfolio and owns a diverse group of businesses both in the United States and abroad, including a popular café, a demolition company, a massage parlor, a mental health practice, and a ginseng farm. With a background in environmental policy, D'Ariano integrates sustainability into his ventures — tying profits to purpose. He is also the originator of the term and strategy swing trading real estate, a method he has been successfully applying since 2017. Through this innovative approach, he has consistently generated 60%+ average annual returns for himself and his investment fund. Among his many philanthropic efforts, D'Ariano has planted over 20,000 trees and purchased 200 acres of land in the Pantanal — the world's largest tropical wetland — which he donated to be converted into a national park. His work consistently supports causes like rainforest conservation and hunger relief, reflecting a values-driven, impact-focused approach to business.

About this offering

Total Property Value$245,399.33
Equity
$234,699
Debt
None
Closing Costs$1,350
LLC Formation$600
Operating Reserve
$957.6

The Market

Lorain, Ohio

Lorain sits on the Lake Erie shoreline about 30 miles west of Cleveland, offering waterfront living at very affordable prices. Lakefront parks, the Black River, and nearby beaches give residents plenty of recreation, and Ohio Route 2 and I-90 make the commute to Cleveland-area jobs straightforward. Low home prices make it an accessible place to own.

Property Updates

UpdateJan 16, 2026

Floors were installed in kitchen and hallway upper unit last year after turn. water leak fixed in sink, new stove, new paint throughout and tenant paying $1025/m.

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