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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
Listed for sale today
$ 229,000
ROI
24.0
Cash Flow/m
272- 3 Bed
- 2 Bath
- 1200 sft
1801 E Duane Blvd, Kankakee, IL, 60901
Listed for sale today
$ 222,500
ROI
20.4Cash Flow/m
40- 4 Bed
- 3 Bath
- 2380 sft
878 S Wildwood Ave, Kankakee, IL, 60901
Rental Income
Listed for sale 1 day ago
$ 200,000
ROI
25.0Cash Flow/m
291- 6 Bed
- 2 Bath
- - sft
357 S Rosewood Ave, Kankakee, IL, 60901
Currently Rented
Rental Income
Listed for sale 1 day ago
$ 155,000
ROI
31.5Cash Flow/m
507- 6 Bed
- 2 Bath
- - sft
265 S Washington 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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