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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
$ 199,000
ROI
23.6
Cash Flow/m
212- 4 Bed
- 1 Bath
- 903 sft
557 Oak St, Waukegan, IL, 60085
Listed for sale 2 days ago
$ 280,000
ROI
20.4Cash Flow/m
48- 3 Bed
- 3 Bath
- 1472 sft
1818 W Monroe St, Waukegan, IL, 60085
Listed for sale 3 days ago
$ 249,000
ROI
20.1Cash Flow/m
26- 3 Bed
- 1 Bath
- 1448 sft
818 Hickory St, Waukegan, IL, 60085
Listed for sale 3 days ago
$ 165,000
ROI
22.7Cash Flow/m
135- 2 Bed
- 1 Bath
- 868 sft
2932 Darrow Ln, 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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