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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
Listed for sale today
$ 179,900
ROI
29.0
Cash Flow/m
462- 3 Bed
- 2 Bath
- 1225 sft
984 S Poplar Ave, Kankakee, IL, 60901
Listed for sale 2 days ago
$ 120,000
ROI
43.4Cash Flow/m
789- 2 Bed
- 2 Bath
- 982 sft
473 S Nelson Ave, Kankakee, IL, 60901
Listed for sale 3 days ago
$ 109,900
ROI
23.5Cash Flow/m
114- 2 Bed
- 1 Bath
- 1180 sft
55 S 3120w Rd, Kankakee, IL, 60901
Fix & Flip
Listed for sale 4 days ago
$ 185,000
ROI
32.2Cash Flow/m
638- 3 Bed
- 2 Bath
- 1300 sft
1740 E Duane Blvd, 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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