Investment Properties Under $300K in Erie, IL | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $300K Investment Properties for Sale in Erie, IL

Property at 1884 Banks Rd, Erie, IL
Listed for sale 1 day ago
$ 135,900
ROI
23.3ROI percentage
Cash Flow/m
Dollar sign134
  • 3 Bed
  • 1 Bath
  • 1400 sft
1884 Banks Rd, Erie, IL, 61250
Property at 7820 Kelly Ct, Erie, IL
Fix & Flip
$ 165,000
ROI
25.6ROI percentage
Cash Flow/m
Dollar sign268
  • 3 Bed
  • 3 Bath
  • 1150 sft
7820 Kelly Ct, Erie, IL, 61250
Property at 7180 Smit Rd, Erie, IL
$ 110,000
ROI
33.0ROI percentage
Cash Flow/m
Dollar sign405
  • 3 Bed
  • 1 Bath
  • 877 sft
7180 Smit Rd, Erie, IL, 61250
Property at 1320 6th Ave, Erie, IL
$ 162,500
ROI
20.7ROI percentage
Cash Flow/m
Dollar sign43
  • 2 Bed
  • 1 Bath
  • 1395 sft
1320 6th Ave, Erie, IL, 61250

Why Invest in Erie, Illinois?

Investing in properties priced under $300k in Illinois presents a unique opportunity for real estate investors. The state boasts a diverse economy, with a solid rental market and potential for property appreciation. Illinois has shown a resilient rental yield and consistent cash flow, making it an appealing choice for both new and experienced investors.

8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

Investing in properties under $300k in Illinois offers affordable entry points for investors, along with a solid rental yield and potential appreciation. This price range is in high demand due to the growing rental market.

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