Under $300K Investment Properties for Sale in Oak Lawn, IL
Listed for sale 3 days ago
$ 179,900
ROI
24.2
Cash Flow/m
221- 2 Bed
- 2 Bath
- 1000 sft
9555 Southwest Hwy APT 1S, Oak Lawn, IL, 60453
Listed for sale 5 days ago
$ 197,900
ROI
22.3Cash Flow/m
141- 2 Bed
- 1 Bath
- 850 sft
10851 S Keating Ave APT 3B, Oak Lawn, IL, 60453
Fix & Flip
Listed for sale 6 days ago
$ 145,900
ROI
23.0Cash Flow/m
133- 5 Bed
- 3 Bath
- 2400 sft
9940 Melvina Ave, Oak Lawn, IL, 60453
Listed for sale 6 days ago
$ 205,000
ROI
20.7Cash Flow/m
52- 2 Bed
- 2 Bath
- 1163 sft
10320 Central Ave APT 207, Oak Lawn, IL, 60453
Why Invest in Oak Lawn, Illinois?
Oak Lawn, IL offers strong investment potential in homes under $300k, with affordable entry points for single-family and condo properties. Proximity to Chicago supports steady rental demand from commuters. Average rents around $1,800 provide solid cash flow, complemented by 4-6% cap rates. Annual appreciation of 3-5% and 35% renter occupancy make it ideal for passive income. Low vacancy and quick sales enhance ROI for budget-conscious investors.
7.2%
Avg. ROI
6.8%
Rental Yield
5.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Primarily 2-3 bedroom condos and single-family homes, averaging 1,000-1,200 sqft. Many are in walkable neighborhoods near amenities. These properties often sell quickly with multiple offers.
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