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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 today
$ 236,900
ROI
24.6
Cash Flow/m
320- 2 Bed
- 1 Bath
- 1100 sft
9481 Bay Colony Dr APT 2S, Des Plaines, IL, 60016
Listed for sale 1 day ago
$ 227,000
ROI
20.7Cash Flow/m
58- 2 Bed
- 1 Bath
- - sft
9388 Bay Colony Dr APT 1S, Des Plaines, IL, 60016
Listed for sale 3 days ago
$ 239,900
ROI
23.3Cash Flow/m
238- 2 Bed
- 1 Bath
- 1000 sft
920 Beau Dr, Des Plaines, IL, 60016
Listed for sale 3 days ago
$ 247,900
ROI
22.4Cash Flow/m
182- 2 Bed
- 2 Bath
- 1200 sft
910 Beau Dr Unit 313, 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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