Under $300K Investment Properties for Sale in Des Plaines, IL

Property at 657 E Prairie Ave, Des Plaines, IL
Listed for sale 3 days ago
$ 299,900
ROI
20.0ROI percentage
Cash Flow/m
Dollar sign20
  • 2 Bed
  • 1 Bath
  • 800 sft
657 E Prairie Ave, Des Plaines, IL, 60016
Property at 550 Ida St APT 4SW, Des Plaines, IL
Fix & Flip
Listed for sale 4 days ago
$ 279,900
ROI
25.0ROI percentage
Cash Flow/m
Dollar sign406
  • 2 Bed
  • 2 Bath
  • 1000 sft
550 Ida St APT 4SW, Des Plaines, IL, 60016
Property at 9355 Landings Ln Unit 503, Des Plaines, IL
Listed for sale 6 days ago
$ 215,000
ROI
23.3ROI percentage
Cash Flow/m
Dollar sign213
  • 1 Bed
  • 1 Bath
  • 1000 sft
9355 Landings Ln Unit 503, Des Plaines, IL, 60016
Property at 1491 Ashland Ave APT 7NW, Des Plaines, IL
$ 267,500
ROI
20.4ROI percentage
Cash Flow/m
Dollar sign46
  • 2 Bed
  • 2 Bath
  • 1318 sft
1491 Ashland Ave APT 7NW, Des Plaines, IL, 60016

Why Invest in Des Plaines, Illinois?

Des Plaines, IL offers strong investment potential in properties under $300k, especially for cash-flowing rentals near Chicago. Proximity to O'Hare Airport and commuter rails supports steady tenant demand from renters. Recent appreciation of 4-11% year-over-year enhances long-term value[1][2][3]. Buyers' market conditions with 8-9 months inventory favor affordable entry points[1]. Cap rates around 6-7% align with regional rental yields amid modest price growth[5].

7.5%
Avg. ROI
6.8%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1650/mo
Avg. Rent
5.2%
1Y Appreciation

Frequently Asked Questions

Yes, though median prices are $320-390k, under-$300k options exist in condos and smaller homes. Buyers' market with 8+ months inventory aids negotiations. Focus on properties near transit for best value.

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