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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
Fix & Flip
Listed for sale 1 day ago
$ 177,000
ROI
32.3
Cash Flow/m
616- 6 Bed
- 3 Bath
- - sft
271-5 N West Ave, Kankakee, IL, 60901
Listed for sale 1 day ago
$ 139,900
ROI
23.2Cash Flow/m
133- 2 Bed
- 1 Bath
- 700 sft
595 W Bridge St, Kankakee, IL, 60901
Listed for sale 2 days ago
$ 125,000
ROI
22.8Cash Flow/m
104- 3 Bed
- 1 Bath
- 1000 sft
850 E Bourbonnais St, Kankakee, IL, 60901
Listed for sale 3 days ago
$ 290,000
ROI
25.8Cash Flow/m
488- 8 Bed
- 4 Bath
- - sft
543 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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