Under $200K Investment Properties for Sale in Kankakee, IL
Listed for sale 2 days ago
$ 187,777
ROI
23.0
Cash Flow/m
172- 4 Bed
- 2 Bath
- 1700 sft
250 N Hammes Ave, Kankakee, IL, 60901
Currently Rented
Fix & Flip
Listed for sale 3 days ago
$ 140,000
ROI
22.3Cash Flow/m
98- 3 Bed
- 1 Bath
- 1005 sft
1936 E Marmion St, Kankakee, IL, 60901
Listed for sale 5 days ago
$ 199,900
ROI
28.3Cash Flow/m
473- 3 Bed
- 1 Bath
- 1116 sft
435 S Cannon Ave, Kankakee, IL, 60901
Listed for sale 7 days ago
$ 199,900
ROI
28.3Cash Flow/m
473- 3 Bed
- 2 Bath
- 1400 sft
479 S Winfield Ave, 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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