Under $300K Investment Properties for Sale in Shannon, IL

Property at 217 S Walnut St, Shannon, IL
$ 160,000
ROI
24.5ROI percentage
Cash Flow/m
Dollar sign211
  • 3 Bed
  • 1 Bath
  • 1474 sft
217 S Walnut St, Shannon, IL, 61078
Property at 218 S Chestnut St, Shannon, IL
$ 165,000
ROI
24.8ROI percentage
Cash Flow/m
Dollar sign231
  • 3 Bed
  • 1 Bath
  • 1422 sft
218 S Chestnut St, Shannon, IL, 61078
Property at 617 S Linn St, Shannon, IL
$ 195,000
ROI
26.9ROI percentage
Cash Flow/m
Dollar sign385
  • 3 Bed
  • 3 Bath
  • 2216 sft
617 S Linn St, Shannon, IL, 61078
Property at 101 S Hickory St, Shannon, IL
$ 198,000
ROI
21.2ROI percentage
Cash Flow/m
Dollar sign81
  • 4 Bed
  • 2 Bath
  • 2450 sft
101 S Hickory St, Shannon, IL, 61078

Why Invest in Shannon, Illinois?

Investing in Shannon, IL, presents a tremendous opportunity for savvy real estate investors looking for properties under $300k. The area boasts a stable real estate market with reasonable rental yields and considerable appreciation potential. Investors can capitalize on a robust demand for affordable rental housing, positioning themselves for long-term gains.

8.5%
Avg. ROI
6.2%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4.5%
1Y Appreciation

Frequently Asked Questions

The average rent in Shannon, IL, is approximately $1,200 per month, making it an attractive market for renters and investors alike.

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