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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Oak Park, IL

Currently Rented
Listed for sale 2 days ago
$ 250,000
ROI
22.8
Cash Flow/m
215- 2 Bed
- 1 Bath
- 912 sft
821 Lake St APT 2S, Oak Park, IL, 60301

Listed for sale 2 days ago
$ 310,000
ROI
30.0
Cash Flow/m
880- 4 Bed
- 2 Bath
- - sft
4903 W Rice St, Oak Park, IL, 60651

Currently Rented
Listed for sale 6 days ago
$ 225,000
ROI
20.1
Cash Flow/m
24- 2 Bed
- 1 Bath
- 1000 sft
240 S Maple Ave APT 3W, Oak Park, IL, 60302

Listed for sale 7 days ago
$ 200,000
ROI
21.7
Cash Flow/m
110- 1 Bed
- 1 Bath
- - sft
221 N Oak Park Ave APT 2E, Oak Park, IL, 60302
Why Invest in Oak Park, Illinois?
Investing in properties under $500k in Oak Park, IL, offers a unique opportunity to tap into a vibrant community with a rich cultural heritage. With a solid appreciation rate and a favorable cap rate, Oak Park attracts both families and young professionals. This location also boasts competitive rental yields, making it an attractive option for real estate investors.
7.5%
Avg. ROI
5%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$2000/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
Oak Park offers a mix of suburban and urban living with solid investment metrics such as consistent rental yields and strong appreciation rates. Its proximity to Chicago makes it an attractive location for renters.
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