Investment Properties Under $200K in Hammond, IL | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $200K Investment Properties for Sale in Hammond, IL

Property at 708 S East St, Hammond, IL
$ 119,900
ROI
23.4ROI percentage
Cash Flow/m
Dollar sign120
  • 4 Bed
  • 2 Bath
  • 1665 sft
708 S East St, Hammond, IL, 61929
Property at 704 S D St, Hammond, IL
$ 132,000
ROI
48.7ROI percentage
Cash Flow/m
Dollar sign1062
  • - Bed
  • - Bath
  • - sft
704 S D St, Hammond, IL, 61929
Property at 204 W 1st St, Hammond, IL
$ 147,000
ROI
23.0ROI percentage
Cash Flow/m
Dollar sign130
  • 3 Bed
  • 1 Bath
  • 1637 sft
204 W 1st St, Hammond, IL, 61929
Property at 507 S C St, Hammond, IL
$ 199,900
ROI
22.6ROI percentage
Cash Flow/m
Dollar sign159
  • 3 Bed
  • 3 Bath
  • 2142 sft
507 S C St, Hammond, IL, 61929

Why Invest in Hammond, Illinois?

Investing in Hammond, IL, presents excellent opportunities for buyers seeking properties under $200k. With a strong rental yield and a growing population, this area is ideal for real estate investors. The local market is characterized by a vibrant community and proximity to Chicago, making it an attractive option for renters.

10%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average rent in Hammond, IL, is approximately $1,200 per month. This rate reflects the city's affordability for renters compared to nearby Chicago.

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