Under $300K 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
$ 219,900
ROI
25.2Cash Flow/m
335- 3 Bed
- 2 Bath
- 1352 sft
11 Strasma South Dr, Kankakee, IL, 60901
Why Invest in Kankakee, Illinois?
Kankakee, IL, offers an appealing market for real estate investors, especially for properties priced under $300,000. With a growing rental demand and a strong community, investors can anticipate a favorable rental yield. The area presents a balanced mix of affordable housing options and potential for appreciation, making it a smart choice for savvy investors looking for cash flow opportunities.
8%
Avg. ROI
6%
Rental Yield
9%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Kankakee, IL, is approximately 6%, making it an attractive option for real estate investors looking for consistent cash flow.
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