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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Hammond, IL
$ 119,900
ROI
23.4
Cash Flow/m
120- 4 Bed
- 2 Bath
- 1665 sft
708 S East St, Hammond, IL, 61929
$ 132,000
ROI
48.7Cash Flow/m
1062- - Bed
- - Bath
- - sft
704 S D St, Hammond, IL, 61929
$ 147,000
ROI
23.0Cash Flow/m
130- 3 Bed
- 1 Bath
- 1637 sft
204 W 1st St, Hammond, IL, 61929
$ 199,900
ROI
22.6Cash Flow/m
159- 3 Bed
- 3 Bath
- 2142 sft
507 S C St, Hammond, IL, 61929
Why Invest in Hammond, Illinois?
Hammond, IL offers a unique investment opportunity, especially for those interested in multifamily properties. With an average rental yield of 7.5%, investors can expect promising returns on their investment. The city boasts a strong job market, contributing to a stable appreciation rate of about 3% annually.
12%
Avg. ROI
7.5%
Rental Yield
8%
Cap Rate
$400/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Rental rates in Hammond range from $1,000 to $1,500 per month depending on location and property type. The average rent in the city is currently around $1,200.
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