Investment Properties for Sale in Mount Prospect, IL
Listed for sale 1 day ago
$ 369,000
ROI
22.7
Cash Flow/m
303- 2 Bed
- 1 Bath
- 1220 sft
10 S Wille St APT 303, Mount Prospect, IL, 60056
Listed for sale 1 day ago
$ 327,900
ROI
22.5Cash Flow/m
251- 3 Bed
- 2 Bath
- 1150 sft
6 Judith Ann Dr, Mount Prospect, IL, 60056
Listed for sale 1 day ago
$ 424,900
ROI
24.8Cash Flow/m
593- 3 Bed
- 2 Bath
- 1388 sft
1409 W Willow Ln, Mount Prospect, IL, 60056
Listed for sale 1 day ago
$ 274,900
ROI
20.8Cash Flow/m
80- 2 Bed
- 2 Bath
- 1200 sft
1400 N Elmhurst Rd APT 119, Mount Prospect, IL, 60056
Why Invest in Mount Prospect, Illinois?
Investing in Mount Prospect, IL, particularly in multi-family properties, provides strong opportunities for growth. With an average rental yield of 6.5% and a low vacancy rate of 3%, this suburb is appealing for rental investors seeking stable cash flow. The area's average rent sits at $1,700, making it an attractive option for both renters and investors alike.
12%
Avg. ROI
6.5%
Rental Yield
7.5%
Cap Rate
$400/mo
Avg. Cash Flow
$1700/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental rates in Mount Prospect are around $1,700 per month, making it competitive within the suburban market. This reflects a steady demand for rental properties in the area.
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