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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Manhattan, IL
Listed for sale 1 day ago
$ 379,000
ROI
23.9
Cash Flow/m
431- 3 Bed
- 3 Bath
- 2999 sft
308 Andrea Dr, Manhattan, IL, 60442
Listed for sale 3 days ago
$ 314,900
ROI
30.9Cash Flow/m
973- 3 Bed
- 3 Bath
- 1715 sft
24754 S McCormick Way, Manhattan, IL, 60442
Listed for sale 3 days ago
$ 415,000
ROI
21.3Cash Flow/m
181- 3 Bed
- 3 Bath
- 2138 sft
15101 W Quincy Way, Manhattan, IL, 60442
$ 464,990
ROI
28.7Cash Flow/m
1162- 4 Bed
- 3 Bath
- 2836 sft
COVENTRY Plan, Ivanhoe, Manhattan, IL, 60442
Why Invest in Manhattan, Illinois?
Manhattan, IL is an emerging market for real estate investors, particularly those interested in single-family homes and rental properties. With its proximity to Chicago and a growing population, the area boasts attractive rental yields and steady appreciation rates. Investors can expect competitive cap rates of around 7% along with a solid rental market, making it a top choice for savvy investors.
10%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$1500/mo
Avg. Cash Flow
$1300/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Manhattan, IL hovers around 8%. This figure is competitive in the Chicago suburbs, attracting investors looking for strong cash flow.
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