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Find Real Estate Investment Properties For Sale in Illinois
Illinois investment property offers the real estate investor a number of choices - and one's sure to be a fit for your portfolio's needs. Boasting the fifth largest population in the United States, quality rental property options in Illinois can range from an executive high-rise condo on Lakeshore Drive in Chicago to a duplex in a quiet farming community like Moline or Peoria.
Illinois has the largest population of any midwest state (estimated in 2008 at 12,901,563) with a majority of the population living in the northeast corner of the state, most in the greater Chicago metropolitan area. Chicago proper had an estimated population of 2,836,658 in 2007, with an median home income of $45,505. It is the third largest city in the United States, and presents every possible opportunity you could think of if you are looking for Illinois investment property. Downtown condos and town homes are always available, as are single-family homes in quiet, tree-lined neighborhoods. As in any city this size, multi-unit structures are always a good option. The median gross rent for all of Chicago was $837 in 2007.
If you're looking for Illinois rental property outside of Chicago, you have a wide variety of options. Rockford, located 75 miles northwest, has 156,596 residents and an affordable $637 median gross rent. Peoria is known as the bellweather for being the most average city in America offers opportunities for buying rental houses, apartment buildings and even mobile homes. Whether it's the state capital of Springfield in the center, Carbondale to the south or the Quad Cities in the northwest, there are a variety of opportunities for purchasing investment properties in Illinois. Consult a real estate professional to get started.
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Real Estate Investment Property In Illinois
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1.5 Story, Bi-Level - CHICAGO, IL Location: 9200 South Blackstone Chicago IL 60619 Price: $44,900 (Est. Value: $57,600) Type: 4bd/1.0ba, Single Family Description: PRICED TO SELL BRICK SFH. SOLD AS-IS. SELLER DOES NOT PROVIDE SURVEY/DISCLOSURES. TAXES ARE PRORATED AT 100. LOT/RM SIZES ESTIMAT... |
Status: Active Last Update: Mar 12, 2010 Est. Equity: $12,700 (22%) With Down Pmt of: 20% Est. Cash Flow/yr: $7,758 ± Est. Cap Rate/yr: 23.28% ± |
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Single Family Residential, 2 STORY - CHAMPAIGN, IL Location: 3209 Cherry Hills Drive Champaign IL 61822 Price: $374,900 Type: 3,852 SqFt, 4bd/3.0ba, Single Family Description: Well Cared for High Energy Efficient Home The 2 story entry invites you into its formal living room w/soaring stone wood burning ... |
Status: Active Last Update: Mar 10, 2010 Price/Sqft: $97 With Down Pmt of: 20% Est. Cash Flow/yr: $7,434 ± Est. Cap Rate/yr: 7.98% ± |
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1 Story - CHICAGO, IL Location: 439 East 89th Chicago IL 60619 Price: $42,600 (Est. Value: $58,500) Type: 1,079 SqFt, 2bd/1.0ba, Single Family Description: ATTN: INVESTORS and REHABBERS 2bd/1ba SFH Much potential Full basement and attic. Must see to appreciate Vacant, easy to show.... |
Status: Active Last Update: Mar 12, 2010 Price/Sqft: $39 Est. Equity: $15,900 (27%) With Down Pmt of: 20% Est. Cash Flow/yr: $7,164 ± Est. Cap Rate/yr: 22.82% ± |
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SINGLE_FAMILY - CHICAGO, IL Location: 5254 W Schubert Ave Chicago IL 60639 Price: $94,900 (Est. Value: $114,100) Type: 938 SqFt, 2bd/2.0ba, Single Family Description: Great opportunity on this 2bdrm/2bth ranch Property SOLD AS IS.No survey, no termite, no disclosures.Buyer to verify room count_ ... |
Status: Active Last Update: Mar 16, 2010 Price/Sqft: $101 Est. Equity: $19,200 (17%) With Down Pmt of: 20% Est. Cash Flow/yr: $6,978 ± Est. Cap Rate/yr: 13.35% ± |
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1.5 Story - CHICAGO, IL Location: 2228 West 54th Chicago IL 60609 Price: $80,000 Type: 1,254 SqFt, 3bd/2.0ba, Single Family Description: BIG FAMILY HOME NEED TLC BUT IN MOVE IN CONDITIONS. UNFINISHED BASEMENT, FINISHED ATTIC W/ 2 BEDRMS and 1 BATH. 2 BEDRMS, DININ... |
Status: Active Last Update: Mar 14, 2010 Price/Sqft: $64 With Down Pmt of: 20% Est. Cash Flow/yr: $6,948 ± Est. Cap Rate/yr: 14.69% ± |
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1.5 Story, English - CHICAGO, IL Location: 7417 West Irving Park Chicago IL 60634 Price: $105,900 (Est. Value: $155,500) Type: 4bd/2.0ba, Single Family Description: THIS IS A FANNIE MAE OWNED SINGLE FAMILY HOME. PROPERTY SOLD AS-IS AND HOLD HARMLESS. SELLER DOES NOT PROVIDE SURVEY OR DISCLOSUR... |
Status: Active Last Update: Mar 15, 2010 Est. Equity: $49,600 (32%) With Down Pmt of: 20% Est. Cash Flow/yr: $6,678 ± Est. Cap Rate/yr: 12.31% ± |
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1.5 Story, Bungalow - ELMWOOD PARK, IL Location: 2826 North 74th Elmwood Park IL 60707 Price: $200,900 Type: 5bd/2.5ba, Single Family Description: LENDER OWNED PROPERTY BEING SOLD AS-IS. VERY WELL MAINTAINED and SPACIOUS BUNGALOW. FULL FIN BASEMENT W/BATH AND MANY NICE UPDA... |
Status: Active Last Update: Mar 10, 2010 With Down Pmt of: 20% Est. Cash Flow/yr: $6,654 ± Est. Cap Rate/yr: 9.31% ± |
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1 Story - CICERO, IL Location: 1333 South 56th Cicero IL 60804 Price: $89,900 (Est. Value: $105,300) Type: 4bd/2.0ba, Single Family Description: BIG FAMILY HOME, 2 FULL BATHS, 4 BEDRMS PLUS A FULL FINISHED BASEMENT BEAUTIFUL EXTRA LARGE OAK CABINETS LARGE YARD WALK TO SCHOO... |
Status: Active Last Update: Mar 14, 2010 Est. Equity: $15,400 (15%) With Down Pmt of: 20% Est. Cash Flow/yr: $6,642 ± Est. Cap Rate/yr: 13.39% ± |
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2 Stories, Traditional - DOWNERS GROVE, IL Location: 2148 63rd Downers Grove IL 60516 Price: $309,900 (Est. Value: $337,600) Type: 5bd/2.5ba, Single Family Description: This is a Fannie Mae Homepath Property. Home is eligible for Homepath or Homepath Renovation financing. Purchase for as little a... |
Status: Active Last Update: Mar 12, 2010 Est. Equity: $27,700 (8%) With Down Pmt of: 20% Est. Cash Flow/yr: $6,486 ± Est. Cap Rate/yr: 8.09% ± |
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SINGLE_FAMILY - CHICAGO, IL Location: 4222 N Drake Ave Chicago IL 60618 Price: $79,900 (Est. Value: $124,200) Type: 1,157 SqFt, 3bd/1.0ba, Single Family Description: Frame single family with 3 bedrooms and 2 baths sold as-is. Fannie Mae Owned property, nice opportunity to own now at a low price... |
Status: Active Last Update: Mar 16, 2010 Price/Sqft: $69 Est. Equity: $44,300 (36%) With Down Pmt of: 20% Est. Cash Flow/yr: $6,306 ± Est. Cap Rate/yr: 13.89% ± |
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2 Stories, Cape Cod - CHICAGO, IL Location: 7328 South Marshfield Chicago IL 60636 Price: $37,900 (Est. Value: $68,461) Type: 3bd/1.0ba, Single Family Description: Currently occupied by a tenant paying 1,070/month.... |
Status: Active Last Update: Mar 9, 2010 Est. Equity: $30,561 (45%) With Down Pmt of: 20% Est. Cash Flow/yr: $6,258 ± Est. Cap Rate/yr: 22.51% ± |
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Single Family - Chicago, IL Location: 7028 S Honore St Chicago IL 60636 Price: $69,900 Type: 1,609 SqFt, 3bd/2.5ba, Single Family Description: Home auction 04/03/2010 - Online Only- ILLINOIS 8. All homes open for inspection from 11AM to 4PM Auction starting bid: 9000. Vis... |
Status: Active Last Update: Mar 15, 2010 Price/Sqft: $43 With Down Pmt of: 20% Est. Cash Flow/yr: $6,186 ± Est. Cap Rate/yr: 14.85% ± |
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Single Family - Lombard, IL Location: 247 N Garfield St Lombard IL 60148 Price: $118,900 Type: 1,085 SqFt, 2bd/1.0ba, Single Family Description: Home auction 04/03/2010 - Online Only- ILLINOIS 8. All homes open for inspection from 11AM to 4PM Auction starting bid: 25000. Vi... |
Status: Active Last Update: Mar 15, 2010 Price/Sqft: $110 With Down Pmt of: 20% Est. Cash Flow/yr: $6,114 ± Est. Cap Rate/yr: 11.14% ± |
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2 Stories - CHICAGO, IL Location: 9332 South Harper Chicago IL 60619 Price: $43,900 (Est. Value: $73,200) Type: 1,600 SqFt, 3bd/3.0ba, Single Family Description: BRICK 2 STORY HOME WITH 3 BEDROOMS AND 3 BATHS. PROPERTY IS CORPORATE OWNED AND BEING SOLD AS-IS. SELLER WILL NOT PROVIDE NOR P... |
Status: Active Last Update: Mar 12, 2010 Price/Sqft: $27 Est. Equity: $29,300 (40%) With Down Pmt of: 20% Est. Cash Flow/yr: $6,102 ± Est. Cap Rate/yr: 19.90% ± |
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1 Story - CHICAGO HEIGHTS, IL Location: 289 West Elmwood Chicago Heights IL 60411 Price: $131,900 (Est. Value: $132,600) Type: 3bd/2.0ba, Single Family Description: Beautifully maintained Ranch Home with refinished hardwood floors. Three nice bedrooms. Updated Bath. Great Eat In Kitchen area. ... |
Status: Active Last Update: Mar 11, 2010 Est. Equity: $700 (1%) With Down Pmt of: 20% Est. Cash Flow/yr: $5,958 ± Est. Cap Rate/yr: 10.52% ± |
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1 Story - ROLLING MEADOWS, IL Location: 3718 Bluebird Rolling Meadows IL 60008 Price: $180,000 (Est. Value: $184,500) Type: 3bd/1.0ba, Single Family Description: New Exterior. New roof,siding,soffit, and facia. Large fenced yard with 2.5 car garage with work area and storage. Garage has new... |
Status: Active Last Update: Mar 13, 2010 Est. Equity: $4,500 (2%) With Down Pmt of: 20% Est. Cash Flow/yr: $5,868 ± Est. Cap Rate/yr: 9.26% ± |
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SINGLE_FAMILY - MONTGOMERY, IL Location: 1366 Pearl St Montgomery IL 60538 Price: $39,900 Type: 1,315 SqFt, 3bd/1.0ba, Single Family Description: Good investor opportunity next to corner vacant lot. Needs repairs, Full basement, Large deep lot. Sold _as is_, No disclosures/s... |
Status: Active Last Update: Mar 16, 2010 Price/Sqft: $30 With Down Pmt of: 20% Est. Cash Flow/yr: $5,802 ± Est. Cap Rate/yr: 20.54% ± |
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2 Stories - CICERO, IL Location: 1917 South 59th Cicero IL 60804 Price: $98,000 Type: 4bd/2.0ba, Single Family Description: Great chicago style bungalow in a great location. Newly redone hardwood floors, A.C., furnace, roof and windows just under 10yrs... |
Status: Active Last Update: Mar 11, 2010 With Down Pmt of: 20% Est. Cash Flow/yr: $5,712 ± Est. Cap Rate/yr: 11.83% ± |
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1 Story, Step Ranch - CICERO, IL Location: 1334 South Central Cicero IL 60804 Price: $119,900 Type: 3bd/1.0ba, Single Family Description: Amazing house and deal. Three bedrooms with a full finished basment and a two car garage. Home has new windows new roof and new p... |
Status: Active Last Update: Mar 12, 2010 With Down Pmt of: 20% Est. Cash Flow/yr: $5,550 ± Est. Cap Rate/yr: 10.63% ± |
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1.5 Story - OAK LAWN, IL Location: 9140 South 51st Oak Lawn IL 60453 Price: $129,900 (Est. Value: $152,000) Type: 4bd/1.0ba, Single Family Description: CORPORATE OWNED SOLD AS IS-NO DISCLOSURES-ADDENDUMS REQUIRED. LOVELY HOME IS LOCATED ON A GREAT BLOCK. THE HOME IS NICE SHAPE, HA... |
Status: Active Last Update: Mar 12, 2010 Est. Equity: $22,100 (15%) With Down Pmt of: 20% Est. Cash Flow/yr: $5,502 ± Est. Cap Rate/yr: 10.24% ± |
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Any information, variables and calculation results shown are for illustrative purposes only and should not be relied on as your sole or primary means for making real estate investment decisions in Illinois. InvestorLoft.com and our affiliates have not verified the information and make no guarantee, warranty or representation about it. InvestorLoft.com recommends that you consult a licensed real estate professional in Illinois to perform an independent analysis before making decisions regarding the purchase or sale of Illinois real estate.
*Denotes seller entered rental amount.
±Denotes rent value based on average for property type and size in target property neighborhood.
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