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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K 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 ample investment opportunities for properties under $500K, making it an attractive market for both new and seasoned investors. With a diverse housing stock and reasonable prices, investors can capitalize on an average rental yield of 8% and a favorable appreciation rate of 4% over the last five years. The region is showing positive trends in job growth, which can contribute to a healthy cash flow for rental properties.
12%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Kankakee is approximately 8%, making it an attractive option for real estate investors looking for good returns.
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