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 361-365 S Evergreen Ave, Kankakee, IL
Listed for sale 6 days ago
$ 175,000
ROI
29.7ROI percentage
Cash Flow/m
Dollar sign485
  • 4 Bed
  • 2 Bath
  • - sft
361-365 S Evergreen Ave, Kankakee, IL, 60901
Property at 8444 W State Route 17 Rte, Kankakee, IL
$ 160,000
ROI
32.2ROI percentage
Cash Flow/m
Dollar sign554
  • 6 Bed
  • 3 Bath
  • - sft
8444 W State Route 17 Rte, Kankakee, IL, 60901
Property at 946 S Schuyler Ave, Kankakee, IL
Currently Rented
Rental Income
$ 149,900
ROI
30.9ROI percentage
Cash Flow/m
Dollar sign466
  • 3 Bed
  • 3 Bath
  • - sft
946 S Schuyler Ave, Kankakee, IL, 60901
Property at 369-371 S 3rd Ave, Kankakee, IL
$ 110,000
ROI
32.7ROI percentage
Cash Flow/m
Dollar sign396
  • 4 Bed
  • 2 Bath
  • - sft
369-371 S 3rd 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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