Under $500K Investment Properties for Sale in Park Ridge, IL

Property at 201 Thames Pkwy APT 3A, Park Ridge, IL
Listed for sale 3 days ago
$ 265,000
ROI
20.0ROI percentage
Cash Flow/m
Dollar sign17
  • 2 Bed
  • 2 Bath
  • 1415 sft
201 Thames Pkwy APT 3A, Park Ridge, IL, 60068
Property at 1609 S Cumberland Ave, Park Ridge, IL
Listed for sale 7 days ago
$ 450,000
ROI
22.1ROI percentage
Cash Flow/m
Dollar sign299
  • 3 Bed
  • 1 Bath
  • - sft
1609 S Cumberland Ave, Park Ridge, IL, 60068
Property at 2600 Windsor Mall APT 2E, Park Ridge, IL
$ 284,000
ROI
22.0ROI percentage
Cash Flow/m
Dollar sign173
  • 2 Bed
  • 2 Bath
  • 1320 sft
2600 Windsor Mall APT 2E, Park Ridge, IL, 60068
Property at 901 Park Plaine Ave, Park Ridge, IL
$ 484,900
ROI
21.0ROI percentage
Cash Flow/m
Dollar sign162
  • 3 Bed
  • 1 Bath
  • 1260 sft
901 Park Plaine Ave, Park Ridge, IL, 60068

Why Invest in Park Ridge, Illinois?

Investing in Park Ridge, IL offers opportunities below $500k, with favorable market conditions. The average rent in the area is competitively set against a backdrop of consistent property appreciation, ideal for investors seeking long-term growth. With a rental yield of 6% and a cap rate hovering around 5.5%, the financial metrics support strategic investments in this vibrant suburb.

8%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$400/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average rental price in Park Ridge is approximately $1,500 per month, making it accessible for both investors and renters.

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