Under $500K Investment Properties for Sale in Chicago, IL
584- 3 Bed
- 2 Bath
- 1900 sft
179- 3 Bed
- 2 Bath
- 1900 sft
606- 3 Bed
- 2 Bath
- 1300 sft
131- 3 Bed
- 2 Bath
- 1056 sft
Why Invest in Chicago, Illinois?
Chicago's under $500k market offers accessible entry points for savvy investors seeking strong cash flow potential. The city's diverse neighborhoods provide opportunities in single-family homes, condos, and multifamily properties averaging under budget constraints. With solid **rental yields** around 7-8% and **cap rates** of 6-7%, these investments benefit from steady appreciation and high renter demand. Major employers and infrastructure growth support long-term value in this dynamic urban hub.
Frequently Asked Questions
Options include single-family homes, condos, townhouses, and multifamily units, particularly in neighborhoods like Austin, Bronzeville, and Logan Square. These cater to both owner-occupants and investors seeking cash flow. Availability fluctuates but remains robust per market data.
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