Investment Properties Under $300K in Kankakee, IL | Ziffy.ai
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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

Property at 984 S Poplar Ave, Kankakee, IL
Listed for sale today
$ 179,900
ROI
29.0ROI percentage
Cash Flow/m
Dollar sign462
  • 3 Bed
  • 2 Bath
  • 1225 sft
984 S Poplar Ave, Kankakee, IL, 60901
Property at 5538 W 1000th Rd N, Kankakee, IL
Listed for sale 1 day ago
$ 259,900
ROI
20.5ROI percentage
Cash Flow/m
Dollar sign57
  • 3 Bed
  • 2 Bath
  • 1125 sft
5538 W 1000th Rd N, Kankakee, IL, 60901
Property at 473 S Nelson Ave, Kankakee, IL
Listed for sale 2 days ago
$ 120,000
ROI
43.4ROI percentage
Cash Flow/m
Dollar sign789
  • 2 Bed
  • 2 Bath
  • 982 sft
473 S Nelson Ave, Kankakee, IL, 60901
Property at 55 S 3120w Rd, Kankakee, IL
Listed for sale 3 days ago
$ 109,900
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign114
  • 2 Bed
  • 1 Bath
  • 1180 sft
55 S 3120w Rd, 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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