Investment Properties Under $300K in South Elgin, IL | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $300K Investment Properties for Sale in South Elgin, IL

Property at 1320 Jenna Dr APT A, South Elgin, IL
Listed for sale 6 days ago
$ 260,000
ROI
26.1ROI percentage
Cash Flow/m
Dollar sign457
  • 2 Bed
  • 2 Bath
  • 1129 sft
1320 Jenna Dr APT A, South Elgin, IL, 60177
Property at 700 Michigan Ave, South Elgin, IL
$ 299,000
ROI
25.5ROI percentage
Cash Flow/m
Dollar sign477
  • 3 Bed
  • 2 Bath
  • 1107 sft
700 Michigan Ave, South Elgin, IL, 60177
Property at 263 S Collins St, South Elgin, IL
$ 295,900
ROI
24.6ROI percentage
Cash Flow/m
Dollar sign402
  • 2 Bed
  • 3 Bath
  • 1730 sft
263 S Collins St, South Elgin, IL, 60177
Property at 696 Fieldcrest Dr Unit C, South Elgin, IL
$ 246,900
ROI
24.1ROI percentage
Cash Flow/m
Dollar sign296
  • 2 Bed
  • 1 Bath
  • 1056 sft
696 Fieldcrest Dr Unit C, South Elgin, IL, 60177

Why Invest in South Elgin, Illinois?

Investing in properties under $300k in South Elgin, IL, presents a unique opportunity for investors seeking affordability in a growing market. With a steady appreciation rate of around 3%, it's an attractive option for rental properties. The rental yield is competitive, typically around 6%, making it a pocket of potential in an evolving housing landscape.

8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average rental price for properties in South Elgin, IL, is approximately $1,500. This makes it an attractive option for those looking to invest in rental properties.

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