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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Lake Forest, IL
Fix & Flip
$ 160,000
ROI
46.7
Cash Flow/m
1198- 1 Bed
- 2 Bath
- 957 sft
1301 N Western Ave UNIT 236, Lake Forest, IL, 60045
$ 278,000
ROI
28.0Cash Flow/m
636- 2 Bed
- 2 Bath
- 1220 sft
1301 N Western Ave UNIT 317, Lake Forest, IL, 60045
$ 475,000
ROI
30.4Cash Flow/m
1411- 3 Bed
- 3 Bath
- 2123 sft
1111 S Waukegan Rd UNIT 10, Lake Forest, IL, 60045
$ 276,000
ROI
30.3Cash Flow/m
806- 2 Bed
- 2 Bath
- 1316 sft
1301 N Western Ave UNIT 102, Lake Forest, IL, 60045
Why Invest in Lake Forest, Illinois?
Investing in Lake Forest under $500k presents a unique opportunity for investors seeking value in a prestigious neighborhood. With an average rental yield of 4.5% and a cap rate of 6.0%, this area combines luxury living with financial viability. Plus, the location benefits from consistent appreciation rates and a strong demand for rental properties, making it an ideal choice for having a steady stream of cash flow.
8%
Avg. ROI
4.5%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$2200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rent for properties in Lake Forest under $500k is around $2,200, making it competitive within the local market.
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