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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Fix And Flip Investment Properties for Sale in Kankakee, IL
Fix & Flip
$ 145,000
ROI
23.3
Cash Flow/m
143- 6 Bed
- 3 Bath
- 2724 sft
139 S Greenwood Ave, Kankakee, IL, 60901
Fix & Flip
$ 150,000
ROI
23.7Cash Flow/m
165- 4 Bed
- 2 Bath
- 1600 sft
3855 E Chestnut St, Kankakee, IL, 60901
Fix & Flip
$ 177,000
ROI
28.8Cash Flow/m
447- 6 Bed
- 3 Bath
- - sft
271-5 N West Ave, Kankakee, IL, 60901
Fix & Flip
$ 184,500
ROI
23.5Cash Flow/m
191- 3 Bed
- 1 Bath
- 1000 sft
1370 Lennington Cir NE, 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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