Under $500K Investment Properties for Sale in Richmond, IL

Property at 310 Cunat Blvd APT 1F, Richmond, IL
Listed for sale 5 days ago
$ 145,000
ROI
21.9ROI percentage
Cash Flow/m
Dollar sign87
  • 1 Bed
  • 1 Bath
  • 725 sft
310 Cunat Blvd APT 1F, Richmond, IL, 60071
Property at 4201 John St, Richmond, IL
Currently Rented
Rental Income
$ 269,900
ROI
25.2ROI percentage
Cash Flow/m
Dollar sign407
  • 3 Bed
  • 2 Bath
  • - sft
4201 John St, Richmond, IL, 60071
Property at 4210 W Solon Rd, Richmond, IL
$ 394,900
ROI
28.8ROI percentage
Cash Flow/m
Dollar sign998
  • 4 Bed
  • 4 Bath
  • 1824 sft
4210 W Solon Rd, Richmond, IL, 60071
Property at 10004 NW Circle Dr, Richmond, IL
$ 315,000
ROI
26.7ROI percentage
Cash Flow/m
Dollar sign610
  • 3 Bed
  • 2 Bath
  • 1354 sft
10004 NW Circle Dr, Richmond, IL, 60071

Why Invest in Richmond, Illinois?

Investing in Richmond, Illinois, offers potential opportunities under $500k in real estate. With an impressive average rental yield of 8% and an average cap rate of 7%, this market is attractive for savvy investors looking for stable cash flow. The area's renter-occupied rate of 62% highlights a solid demand for rental properties, making it a promising market for investment.

12%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$1500/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

As of this year, the average home price in Richmond, IL, is approximately $245,000, making it an affordable option for both first-time buyers and investors.

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