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

Property at 2300 Central St APT 3, Evanston, IL
Listed for sale today
$ 289,000
ROI
22.4ROI percentage
Cash Flow/m
Dollar sign213
  • 2 Bed
  • 1 Bath
  • 1026 sft
2300 Central St APT 3, Evanston, IL, 60201
Property at 616 Michigan Ave APT G, Evanston, IL
Listed for sale 4 days ago
$ 299,000
ROI
21.0ROI percentage
Cash Flow/m
Dollar sign106
  • 2 Bed
  • 1 Bath
  • 1000 sft
616 Michigan Ave APT G, Evanston, IL, 60202
Property at 250 Ridge Ave APT 4H, Evanston, IL
$ 239,000
ROI
24.2ROI percentage
Cash Flow/m
Dollar sign296
  • 2 Bed
  • 2 Bath
  • 1043 sft
250 Ridge Ave APT 4H, Evanston, IL, 60202
Property at 1406 Hinman Ave APT 3N, Evanston, IL
$ 280,000
ROI
22.2ROI percentage
Cash Flow/m
Dollar sign192
  • 2 Bed
  • 1 Bath
  • 1000 sft
1406 Hinman Ave APT 3N, Evanston, IL, 60201

Why Invest in Evanston, Illinois?

Considering investment opportunities in Evanston, IL, particularly properties under $300k, can provide significant returns. This area benefits from strong rental demand, with a growing population and a rental yield that appeals to both new and seasoned investors. The proximity to Chicago enhances the appeal, ensuring steady cash flow and appreciation potential.

8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$500/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average rent for properties under $300k in Evanston is approximately $1,800 per month, making it a competitive market for investors.

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