Multi Family Investment Properties for Sale in Kankakee, IL
Rental Income
$ 324,900
ROI
22.5
Cash Flow/m
246- 8 Bed
- 4 Bath
- - sft
2830 Cranbrook St, Kankakee, IL, 60901
Currently Rented
Fix & Flip
$ 130,000
ROI
32.1Cash Flow/m
447- 4 Bed
- 2 Bath
- - sft
1020 E Court St, Kankakee, IL, 60901
Currently Rented
Rental Income
$ 165,000
ROI
35.3Cash Flow/m
716- 3 Bed
- 2 Bath
- - sft
341 S 5th Ave, Kankakee, IL, 60901
$ 290,000
ROI
25.8Cash Flow/m
488- 8 Bed
- 4 Bath
- - sft
543 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%.
Find Your Perfect Investment Property in Kankakee, Illinois
Explore investment opportunities by strategy, performance, or property type
