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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Kankakee, IL
Rental Income
Listed for sale 2 days ago
$ 200,000
ROI
25.0
Cash Flow/m
291- 6 Bed
- 2 Bath
- - sft
357 S Rosewood Ave, Kankakee, IL, 60901
Currently Rented
Rental Income
Listed for sale 2 days ago
$ 155,000
ROI
31.5Cash Flow/m
507- 6 Bed
- 2 Bath
- - sft
265 S Washington Ave, Kankakee, IL, 60901
Listed for sale 6 days ago
$ 189,900
ROI
30.0Cash Flow/m
543- 3 Bed
- 4 Bath
- - sft
341 S Harrison Ave, Kankakee, IL, 60901
Motivated Seller
$ 109,900
ROI
32.6Cash Flow/m
394- 3 Bed
- 2 Bath
- - sft
117 N Entrance Ave, Kankakee, IL, 60901
Why Invest in Kankakee, Illinois?
Investing in multifamily properties in Kankakee, IL, offers promising returns for investors looking for opportunities in this growing market. With an average rental yield of around 8% and a robust cash flow potential, this area is becoming increasingly attractive to real estate investors. The low vacancy rate and strong appreciation trends further underline the advantages of multi-family investments here.
12%
Avg. ROI
8%
Rental Yield
10%
Cap Rate
$1500/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average return on investment (ROI) for multi-family properties in Kankakee is approximately 12%, with rental yields around 8%.
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