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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
$ 179,900
ROI
29.0
Cash Flow/m
462- 3 Bed
- 2 Bath
- 1225 sft
984 S Poplar Ave, Kankakee, IL, 60901
Listed for sale 1 day ago
$ 259,900
ROI
20.5Cash Flow/m
57- 3 Bed
- 2 Bath
- 1125 sft
5538 W 1000th Rd N, Kankakee, IL, 60901
Listed for sale 2 days ago
$ 120,000
ROI
43.4Cash Flow/m
789- 2 Bed
- 2 Bath
- 982 sft
473 S Nelson Ave, Kankakee, IL, 60901
Listed for sale 3 days ago
$ 109,900
ROI
23.5Cash Flow/m
114- 2 Bed
- 1 Bath
- 1180 sft
55 S 3120w Rd, 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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