Investment Properties Under $200K in Kankakee, IL | Ziffy.ai
Save Search
Filters Applied
Edit
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $200K Investment Properties for Sale in Kankakee, IL

Property at 271-5 N West Ave, Kankakee, IL
Currently Rented
Fix & Flip
Listed for sale 1 day ago
$ 177,000
ROI
32.3ROI percentage
Cash Flow/m
Dollar sign616
  • 6 Bed
  • 3 Bath
  • - sft
271-5 N West Ave, Kankakee, IL, 60901
Property at 595 W Bridge St, Kankakee, IL
Listed for sale 1 day ago
$ 139,900
ROI
23.2ROI percentage
Cash Flow/m
Dollar sign133
  • 2 Bed
  • 1 Bath
  • 700 sft
595 W Bridge St, Kankakee, IL, 60901
Property at 850 E Bourbonnais St, Kankakee, IL
Listed for sale 2 days ago
$ 125,000
ROI
22.8ROI percentage
Cash Flow/m
Dollar sign104
  • 3 Bed
  • 1 Bath
  • 1000 sft
850 E Bourbonnais St, Kankakee, IL, 60901
Property at 2098 W 2000s Rd, Kankakee, IL
$ 189,900
ROI
21.5ROI percentage
Cash Flow/m
Dollar sign93
  • 2 Bed
  • 1 Bath
  • 1400 sft
2098 W 2000s Rd, 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.

Find Your Perfect Investment Property in Kankakee, Illinois

Explore investment opportunities by strategy, performance, or property type

Buy & Hold Rentals in Kankakee, IL
Fix and Flip Properties in Kankakee, IL
Short-Term Rental Properties in Kankakee, IL
AI