Investment Properties for Sale in Jerome, IL
Listed for sale 1 day ago
$ 179,000
ROI
23.3
Cash Flow/m
175- 3 Bed
- 1 Bath
- 1208 sft
1705 W Glenn Ave, Jerome, IL, 62704
$ 158,000
ROI
30.1Cash Flow/m
453- 3 Bed
- 1 Bath
- 1000 sft
21 Alberta Ln, Jerome, IL, 62704
$ 118,000
ROI
23.4Cash Flow/m
121- 3 Bed
- 1 Bath
- 1270 sft
18 Barbara Ct, Jerome, IL, 62704
$ 155,000
ROI
23.2Cash Flow/m
148- 3 Bed
- 2 Bath
- 1700 sft
1518 W Iles Ave, Jerome, IL, 62704
Why Invest in Jerome, Illinois?
Investing in Jerome, IL, offers great opportunities for growth, especially for multifamily properties. With a favorable rental yield and competitive rental rates, investors can enjoy steady cash flow and appreciate the area's charm and community spirit. This location is ideal for those looking to enter the real estate market with solid metrics backing their decision.
8.5%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$1500/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4.5%
1Y Appreciation
Frequently Asked Questions
The average rent in Jerome, IL, is approximately $1,200 per month, making it competitive in the local market. This rate can vary depending on the type of property.
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