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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Waukegan, IL
Listed for sale 2 days ago
$ 237,000
ROI
25.7
Cash Flow/m
390- 2 Bed
- 1 Bath
- 924 sft
1324 Hickory St, Waukegan, IL, 60085
Listed for sale 2 days ago
$ 229,000
ROI
26.8Cash Flow/m
446- 2 Bed
- 1 Bath
- 914 sft
227 N Elmwood Ave, Waukegan, IL, 60085
Fix & Flip
Motivated Seller
Listed for sale 4 days ago
$ 189,900
ROI
23.2Cash Flow/m
180- 2 Bed
- 2 Bath
- 808 sft
417 S Lewis Ave, Waukegan, IL, 60085
Listed for sale 7 days ago
$ 264,999
ROI
30.6Cash Flow/m
802- 3 Bed
- 1 Bath
- 1204 sft
13175 W Blanchard Rd, Waukegan, IL, 60087
Why Invest in Waukegan, Illinois?
Investing in properties under $300k in Waukegan offers promising opportunities for both new and seasoned investors. With an average rental yield of 7% and a cap rate of 10%, this area shows robust demand. The city's affordability, coupled with steady appreciation rates, makes it an attractive option for generating cash flow.
15%
Avg. ROI
7%
Rental Yield
10%
Cap Rate
$1200/mo
Avg. Cash Flow
$1700/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
Waukegan offers a strong rental yield and appreciation potential, making it a great option for property investors. Additionally, the city has a diverse economy and increasing job opportunities.
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