Investment Properties for Sale in Kankakee, IL
Listed for sale 1 day ago
$ 187,777
ROI
23.0
Cash Flow/m
172- 4 Bed
- 2 Bath
- 1700 sft
250 N Hammes Ave, Kankakee, IL, 60901
Currently Rented
Fix & Flip
Listed for sale 2 days ago
$ 140,000
ROI
22.3Cash Flow/m
98- 3 Bed
- 1 Bath
- 1005 sft
1936 E Marmion St, Kankakee, IL, 60901
Listed for sale 4 days ago
$ 199,900
ROI
28.3Cash Flow/m
473- 3 Bed
- 1 Bath
- 1116 sft
435 S Cannon Ave, Kankakee, IL, 60901
Listed for sale 6 days ago
$ 219,900
ROI
25.2Cash Flow/m
335- 3 Bed
- 2 Bath
- 1352 sft
11 Strasma South Dr, Kankakee, IL, 60901
Why Invest in Kankakee, Illinois?
Investing in Kankakee, IL, offers promising opportunities for rental properties, especially for those looking for affordable multi-family options. The local rental market shows a steady demand, with average rents around $1,200 per month and potential cash flows that attract both new and seasoned investors.
7.5%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental price in Kankakee is around $1,200 per month, making it affordable compared to many urban areas.
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