High Rental Yield Investment Properties for Sale in Kankakee, IL
Listed for sale today
$ 389,900
ROI
20.2
Cash Flow/m
48- 3 Bed
- 2 Bath
- 2671 sft
16 Woodside Ave, Kankakee, IL, 60901
Listed for sale 2 days ago
$ 187,777
ROI
23.0Cash Flow/m
172- 4 Bed
- 2 Bath
- 1700 sft
250 N Hammes Ave, Kankakee, IL, 60901
Currently Rented
Fix & Flip
Listed for sale 3 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 5 days ago
$ 199,900
ROI
28.3Cash Flow/m
473- 3 Bed
- 1 Bath
- 1116 sft
435 S Cannon Ave, Kankakee, IL, 60901
Why Invest in Kankakee, Illinois?
Investing in Kankakee, IL offers strong rental yield potential, especially for properties yielding high cash flow. The area has experienced a stable rental market, with an average rent of around $1,100, making it an attractive option for investors seeking reliable returns.
7.5%
Avg. ROI
8.2%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$1100/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Kankakee is around 8.2%, making it a favorable market for property investors.
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