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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
Fix & Flip
Listed for sale 1 day ago
$ 190,000
ROI
21.9
Cash Flow/m
113- 3 Bed
- 2 Bath
- 1152 sft
1314 Fargo Ave, Des Plaines, IL, 60018
Listed for sale 1 day ago
$ 235,000
ROI
26.7Cash Flow/m
453- 2 Bed
- 2 Bath
- 1200 sft
1702 Mill St APT 207, Des Plaines, IL, 60016
Listed for sale 1 day ago
$ 229,900
ROI
24.0Cash Flow/m
269- 2 Bed
- 1 Bath
- - sft
9388 Bay Colony Dr APT 2N, Des Plaines, IL, 60016
Listed for sale 1 day ago
$ 179,900
ROI
23.8Cash Flow/m
202- 1 Bed
- 1 Bath
- 750 sft
9818 Bianco Ter #3F-DES, 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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