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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Kankakee, IL
Listed for sale today
$ 179,900
ROI
29.0
Cash Flow/m
462- 3 Bed
- 2 Bath
- 1225 sft
984 S Poplar Ave, Kankakee, IL, 60901
Listed for sale 1 day ago
$ 259,900
ROI
20.5Cash Flow/m
57- 3 Bed
- 2 Bath
- 1125 sft
5538 W 1000th Rd N, Kankakee, IL, 60901
Listed for sale 2 days ago
$ 120,000
ROI
43.4Cash Flow/m
789- 2 Bed
- 2 Bath
- 982 sft
473 S Nelson Ave, Kankakee, IL, 60901
Listed for sale 3 days ago
$ 109,900
ROI
23.5Cash Flow/m
114- 2 Bed
- 1 Bath
- 1180 sft
55 S 3120w Rd, 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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