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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Kankakee, IL
Currently Rented
Rental Income
Listed for sale 1 day ago
$ 149,900
ROI
31.8
Cash Flow/m
501- 3 Bed
- 3 Bath
- - sft
946 S Schuyler Ave, Kankakee, IL, 60901
Listed for sale 1 day ago
$ 199,900
ROI
20.2Cash Flow/m
23- 2 Bed
- 2 Bath
- 1500 sft
846 N 5th Ave, Kankakee, IL, 60901
Listed for sale 4 days ago
$ 110,000
ROI
32.7Cash Flow/m
396- 4 Bed
- 2 Bath
- - sft
369-371 S 3rd Ave, Kankakee, IL, 60901
Listed for sale 5 days ago
$ 189,900
ROI
21.5Cash Flow/m
93- 2 Bed
- 2 Bath
- 1465 sft
655 S Wall St, Kankakee, IL, 60901
Why Invest in Kankakee, Illinois?
Investing in Kankakee, IL, offers excellent opportunities for properties under $200k. With a steady rental market and an increasing demand for affordable housing, investors can benefit from a favorable rental yield and good cash flow potential.
8%
Avg. ROI
7%
Rental Yield
9%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rent in Kankakee is approximately $1,200 per month, offering affordable options for renters.
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