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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Kankakee, IL
Currently Rented
Fix & Flip
Listed for sale 1 day ago
$ 177,000
ROI
32.3
Cash Flow/m
616- 6 Bed
- 3 Bath
- - sft
271-5 N West Ave, Kankakee, IL, 60901
Listed for sale 1 day ago
$ 139,900
ROI
23.2Cash Flow/m
133- 2 Bed
- 1 Bath
- 700 sft
595 W Bridge St, Kankakee, IL, 60901
Listed for sale 2 days ago
$ 125,000
ROI
22.8Cash Flow/m
104- 3 Bed
- 1 Bath
- 1000 sft
850 E Bourbonnais St, Kankakee, IL, 60901
Listed for sale 3 days ago
$ 290,000
ROI
25.8Cash Flow/m
488- 8 Bed
- 4 Bath
- - sft
543 S 3rd Ave, 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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