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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Des Plaines, IL
Listed for sale 1 day ago
$ 251,000
ROI
20.3
Cash Flow/m
39- 3 Bed
- 2 Bath
- 1152 sft
1370 Fargo Ave APT E, Des Plaines, IL, 60018
Listed for sale 3 days ago
$ 199,999
ROI
23.5Cash Flow/m
206- 3 Bed
- 2 Bath
- 1267 sft
8909 Robin Dr, Des Plaines, IL, 60016
Listed for sale 4 days ago
$ 235,000
ROI
24.2Cash Flow/m
288- 2 Bed
- 2 Bath
- 1080 sft
(Undisclosed Address), Des Plaines, IL, 60016
Fix & Flip
Listed for sale 5 days ago
$ 220,000
ROI
29.1Cash Flow/m
574- 2 Bed
- 1 Bath
- 1363 sft
847 S 3rd Ave, 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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