Under $300K Investment Properties for Sale in Waukegan, IL
Listed for sale 3 days ago
$ 159,900
ROI
22.9
Cash Flow/m
140- 2 Bed
- 1 Bath
- 1888 sft
1949 Hickory St, Waukegan, IL, 60087
Listed for sale 5 days ago
$ 238,500
ROI
27.4Cash Flow/m
506- 2 Bed
- 2 Bath
- 1348 sft
1333 Eastview Dr, Waukegan, IL, 60085
Listed for sale 7 days ago
$ 205,000
ROI
19.8Cash Flow/m
3- 3 Bed
- 1 Bath
- 1000 sft
921 N Jackson St, Waukegan, IL, 60085
Listed for sale 7 days ago
$ 199,700
ROI
21.9Cash Flow/m
118- 2 Bed
- 1 Bath
- 652 sft
609 N Frolic Ave, Waukegan, IL, 60085
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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