Fix And Flip Investment Properties for Sale in Kankakee, IL

Property at 1936 E Marmion St, Kankakee, IL
Currently Rented
Fix & Flip
Listed for sale 3 days ago
$ 140,000
ROI
22.3ROI percentage
Cash Flow/m
Dollar sign98
  • 3 Bed
  • 1 Bath
  • 1005 sft
1936 E Marmion St, Kankakee, IL, 60901
Property at 33 Jan Ave, Kankakee, IL
Fix & Flip
$ 169,000
ROI
22.4ROI percentage
Cash Flow/m
Dollar sign122
  • 3 Bed
  • 1 Bath
  • 1200 sft
33 Jan Ave, Kankakee, IL, 60901
Property at 1020 E Court St, Kankakee, IL
Currently Rented
Fix & Flip
$ 130,000
ROI
32.1ROI percentage
Cash Flow/m
Dollar sign447
  • 4 Bed
  • 2 Bath
  • - sft
1020 E Court St, Kankakee, IL, 60901
Property at 820 S 6th Ave, Kankakee, IL
Fix & Flip
$ 129,900
ROI
22.6ROI percentage
Cash Flow/m
Dollar sign104
  • 2 Bed
  • 1 Bath
  • 780 sft
820 S 6th Ave, Kankakee, IL, 60901

Why Invest in Kankakee, Illinois?

Investing in Kankakee, IL, particularly in fix-and-flip properties, presents a unique opportunity. The area has been experiencing a rising demand for renovated homes, with average cash flows showing promising potential. With a rental yield of 8% and average rents around $1,100, this is a market worth exploring.

15%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

Investors in Kankakee can expect an average ROI of around 15% for fix-and-flip properties, making it a lucrative market for renovation projects.

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