Multi-Family Investment Properties in Kankakee, IL | Ziffy.ai
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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

Property at 946 S Schuyler Ave, Kankakee, IL
Currently Rented
Rental Income
Listed for sale today
$ 149,900
ROI
31.8ROI percentage
Cash Flow/m
Dollar sign501
  • 3 Bed
  • 3 Bath
  • - sft
946 S Schuyler Ave, Kankakee, IL, 60901
Property at 369-371 S 3rd Ave, Kankakee, IL
Listed for sale 4 days ago
$ 110,000
ROI
32.7ROI percentage
Cash Flow/m
Dollar sign396
  • 4 Bed
  • 2 Bath
  • - sft
369-371 S 3rd Ave, Kankakee, IL, 60901
Property at 529 S Indiana Ave, Kankakee, IL
$ 135,000
ROI
30.8ROI percentage
Cash Flow/m
Dollar sign416
  • 4 Bed
  • 2 Bath
  • - sft
529 S Indiana Ave, Kankakee, IL, 60901
Property at 1095-1097 E Merchant St, Kankakee, IL
Rental Income
$ 195,000
ROI
28.2ROI percentage
Cash Flow/m
Dollar sign458
  • 5 Bed
  • 2 Bath
  • - sft
1095-1097 E Merchant St, 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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