Under $200K Investment Properties for Sale in Oak Lawn, IL
160- 2 Bed
- 2 Bath
- 960 sft
105- 3 Bed
- 1 Bath
- 1843 sft
114- 2 Bed
- 2 Bath
- 1100 sft
72- 2 Bed
- 2 Bath
- 1200 sft
Why Invest in Oak Lawn, Illinois?
Oak Lawn offers affordable entry points for real estate investors seeking properties under $200k in the Chicago metropolitan area. The market features predominantly condominiums and townhouses with strong rental demand from the surrounding workforce. With median prices well below regional averages, investors can achieve competitive cap rates while accessing a stable tenant base. The area's proximity to major employment centers and established infrastructure supports consistent appreciation and rental yield potential.
Frequently Asked Questions
The market is dominated by condominiums and townhouses, with occasional single-family homes. Most properties range from 700 to 1,200 square feet with 1-2 bedrooms and 1-2 bathrooms, making them attractive for rental investors targeting working professionals and small families.
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