Under $300K Investment Properties for Sale in Mount Prospect, IL
Listed for sale 1 day ago
$ 274,900
ROI
20.8
Cash Flow/m
80- 2 Bed
- 2 Bath
- 1200 sft
1400 N Elmhurst Rd APT 119, Mount Prospect, IL, 60056
Listed for sale 6 days ago
$ 245,000
ROI
21.5Cash Flow/m
117- 1 Bed
- 1 Bath
- 800 sft
1400 N Elmhurst Rd APT 318, Mount Prospect, IL, 60056
Motivated Seller
$ 282,000
ROI
20.3Cash Flow/m
42- 2 Bed
- 2 Bath
- 1150 sft
502 W Huntington Commons Rd APT 438, Mount Prospect, IL, 60056
$ 274,900
ROI
23.9Cash Flow/m
317- 2 Bed
- 2 Bath
- 1300 sft
1747 W Crystal Ln Unit 207, Mount Prospect, IL, 60056
Why Invest in Mount Prospect, Illinois?
Investing in Mount Prospect, IL, offers an excellent opportunity for those seeking properties under $300k. The suburb has consistent rental demand due to its proximity to Chicago, coupled with reasonable home prices. With an average ROI of 7%, a cap rate of 5.5%, and a rental yield of 6%, Mount Prospect stands as a solid market for cash flow.
7%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average home price for properties under $300k in Mount Prospect typically ranges from $250k to $300k, making it an affordable choice for many investors.
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