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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K 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
$ 269,000
ROI
28.2Cash Flow/m
634- 4 Bed
- 2 Bath
- 1600 sft
2857 River Rd, 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
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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