Under $200K Investment Properties for Sale in Marengo, IL

Property at 704 W Grant Hwy, Marengo, IL
Fix & Flip
$ 175,000
ROI
23.0ROI percentage
Cash Flow/m
Dollar sign160
  • 2 Bed
  • 1 Bath
  • 1100 sft
704 W Grant Hwy, Marengo, IL, 60152
Property at 423 Maple St, Marengo, IL
$ 159,900
ROI
28.7ROI percentage
Cash Flow/m
Dollar sign397
  • 2 Bed
  • 1 Bath
  • 940 sft
423 Maple St, Marengo, IL, 60152
Property at 333 Elm St, Marengo, IL
$ 155,000
ROI
21.8ROI percentage
Cash Flow/m
Dollar sign86
  • 2 Bed
  • 1 Bath
  • 1016 sft
333 Elm St, Marengo, IL, 60152
Property at Menge Rd, Marengo, IL
$ 169,900
ROI
74.8ROI percentage
Cash Flow/m
Dollar sign2604
  • - Bed
  • - Bath
  • - sft
Menge Rd, Marengo, IL, 60152

Why Invest in Marengo, Illinois?

Investing in real estate in Illinois, specifically properties under $200k, presents unique opportunities. With a strong market for affordable housing, investors can benefit from steady rental yields and attractive cap rates in various towns across the state. Many areas are experiencing economic growth, making this an opportune moment to diversify your portfolio.

8.5%
Avg. ROI
7.2%
Rental Yield
10.5%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.1%
1Y Appreciation

Frequently Asked Questions

In Marengo, you can find a diverse range of properties under $200k, including single-family homes and small multi-family units. These options are ideal for first-time investors and those seeking affordable rental properties.

Find Your Perfect Investment Property in Marengo, Illinois

Explore investment opportunities by strategy, performance, or property type

Buy & Hold Rentals in Marengo, IL
Fix and Flip Properties in Marengo, IL
Short-Term Rental Properties in Marengo, IL
AI