Under $300K Investment Properties for Sale in New Lenox, IL
Listed for sale 5 days ago
$ 249,900
ROI
20.7
Cash Flow/m
66- 4 Bed
- 2 Bath
- 1000 sft
159 Thomas Ln, New Lenox, IL, 60451
$ 299,900
ROI
26.1Cash Flow/m
530- 2 Bed
- 2 Bath
- 1200 sft
818 Shagbark Rd #818, New Lenox, IL, 60451
Fix & Flip
$ 249,900
ROI
20.7Cash Flow/m
67- 2 Bed
- 1 Bath
- 1100 sft
150 E 2nd Ave, New Lenox, IL, 60451
Fix & Flip
$ 250,000
ROI
20.7Cash Flow/m
66- 3 Bed
- 1 Bath
- 1100 sft
471 Aspen Dr, New Lenox, IL, 60451
Why Invest in New Lenox, Illinois?
Investing in properties under $300k in New Lenox, IL offers a unique opportunity to enter a growing market with strong rental potential. This suburban area is experiencing increasing demand due to its proximity to Chicago and excellent school systems, making it an ideal location for family rentals. With a favorable cap rate and reasonable property prices, investors can enjoy solid cash flow and appreciation potential.
12%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$400/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in New Lenox, IL, is around 8%, making it an attractive option for real estate investors.
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