Chicago Investment Analysis

Investment Properties in Chicago, IL

Discover Investment Performance Rent Prices Top Properties Top Neighborhoods Attractions Insights

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Chicago

Real estate investing in Chicago is more lucrative than most people might think. Airbnb has to proved to be a great channel in providing returns in this pricey city. The market analysis shows the great opportunities in renting out entire investment properties as oppose to individual rooms on Airbnb.

Chicago has similar real estate market trends as other big cities, such as New York City, but the property prices are less than half of New York City. The average rent to home price ratio is higher in Chicago than in other parts of the country, and the Chicago metro area continues to see increasing rent rates. This opens up great real estate investing opportunities because housing is cheaper in Chicago and rent is increasing. There is such a high demand from students and employees from various industries, making buy-and-holds optimal. Tourism also drives a demand for short-term rentals.

Chicago is one of the few cities that has an abundant supply of multi-family homes, which have low selling prices and high rental rates, making positive cash-flow very feasible.

Chicago Investment Performance

PROPERTY SALE PRICE

$ 423,938

Median

1,273

Avg/Sq.ft.

CASH ON CASH RETURN

2.01%

Traditional

1.69%

Airbnb

RENTAL INCOME

$ 1,860

Traditional

$ 1,588

Airbnb

RENTAL INCOME

$ 1,860

Traditional

$ 1,588

Airbnb

NUMBER OF PROPERTIES

3,244

Investment

2,292

Airbnb

37,500

Traditional

50%

Airbnb occ. rate

Chicago Rent Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,306	$ 1,775	$ 2,218	$ 3,418
Traditional	$ 1,002	$ 1,326	$ 1,719	$ 1,926

Airbnb

1 ROOM	$ 1,306
2 ROOMS	$ 1,775
3 ROOMS	$ 2,218
4 ROOMS	$ 3,418

Traditional

1 ROOM	$ 1,002
2 ROOMS	$ 1,326
3 ROOMS	$ 1,719
4 ROOMS	$ 1,926

Top Chicago Active Investment Properties

$144,900

6480 North Northwest Highway #3

Norwood Park West

2 beds

1 baths

N/A sq.ft.

CASH ON CASH

Trad. 6.58%

Airbnb 32.09%

CAP RATE

Trad. 12.04%

Airbnb 39.18%

$79,900

6844 South Lafayette Avenue

Park Manor

4 beds

2 baths

1,500 sq.ft.

CASH ON CASH

Trad. 11.36%

Airbnb 25.68%

CAP RATE

Trad. 18.74%

Airbnb 33.98%

$109,900

907 West Gordon Terrace #G

Buena Park

2 beds

1 baths

N/A sq.ft.

CASH ON CASH

Trad. 12.36%

Airbnb 26.23%

CAP RATE

Trad. 18.82%

Airbnb 33.58%

$88,500

3715 West Ferdinand Street

East Garfield Park

3 beds

2 baths

1,344 sq.ft.

CASH ON CASH

Trad. 12.98%

Airbnb 22.60%

CAP RATE

Trad. 20.12%

Airbnb 30.35%

Top Chicago Neighborhoods

Humboldt Park

58% Mashmeter

CASH ON CASH RETURN

0.67%

Traditional

2.31%

Airbnb

PROPERTY PRICE

$425,000

Median

RENTAL INCOME

$ 1,389

Traditional

$ 1,993

Airbnb

60%

Airbnb occ. rate

Logan Square

58% Mashmeter

CASH ON CASH RETURN

1.24%

Traditional

3.69%

Airbnb

PROPERTY PRICE

$349,900

Median

RENTAL INCOME

$ 1,639

Traditional

$ 2,105

Airbnb

60%

Airbnb occ. rate

Ukrainian Village

62% Mashmeter

CASH ON CASH RETURN

0.94%

Traditional

3.25%

Airbnb

PROPERTY PRICE

$429,000

Median

RENTAL INCOME

$ 2,023

Traditional

$ 2,496

Airbnb

58%

Airbnb occ. rate

Palmer Square

63% Mashmeter

CASH ON CASH RETURN

1.20%

Traditional

1.28%

Airbnb

PROPERTY PRICE

$549,000

Median

RENTAL INCOME

$ 2,259

Traditional

$ 2,072

Airbnb

57%

Airbnb occ. rate

Wicker Park

76% Mashmeter

CASH ON CASH RETURN

0.46%

Traditional

3.14%

Airbnb

PROPERTY PRICE

$480,000

Median

RENTAL INCOME

$ 2,145

Traditional

$ 3,372

Airbnb

57%

Airbnb occ. rate

Chicago Insights

News

Crime has not dampened investor interest in Chicago real estate, analysis finds - Chicago Tribune

Focus Fund To Yield Up To $900 Million In Senior Housing Investments - Senior Housing News

Family-owned distributor sells its DeSoto hub to Chicago real estate ... - Dallas Business Journal

Kindred Identifies Buyer for $700 Million SNF Business - Senior Housing News

Ten Best Cities For Global Real Estate Investors - Forbes

No little plans: More than $20 billion of megaprojects in Chicago's pipeline - Chicago Tribune

Downtown Milwaukee's 411 East Wisconsin Center office tower sold to Chicago-area firm - Milwaukee Journal Sentinel

SEC sues Chicago developer over $89 million visa funding plan - Crain's Chicago Business

Michigan Avenue tower seen in 'Adventures in Babysitting' selling for $132 million - Chicago Tribune

Drawings offer glimpse at North Bridge mall revamp - Crain's Chicago Business

View more news

Blogs

by Hamza Abdul-Samad

Are sports cities the best cities to invest in real estate?

by Daniela Andreevska

5 Perks of Being in a Real Estate Investing Club

by Khaled Zaqout

Best Places to Invest in Real Estate Based on Cap Rate

by Daniela Andreevska

Why It’s a Good Time for Indianapolis Real Estate Investments

by Daniela Andreevska

Should a Minneapolis Investment Property Be Your Next Purchase?

View more news

Guides and Tips

by Diala Taneeb

The Ultimate Guide to the Airbnb Investment Property

by Peter Abualzolof

Four Things to Consider Before Purchasing an Airbnb Investment Property

by Peter Abualzolof

Top 5 Alternative Ways to Find an Investment Property

by Peter Abualzolof

The Use of Predictive Analytics in Real Estate Investing

by Diala Taneeb

Real Estate Investing: Traditional vs. Airbnb Investments

View more news

Similar Cities

Chicago, IL

PROPERTY PRICE

`$`355,283

Median

CASH ON CASH RETURN

2.64%

Traditional

2.59%

Airbnb

Carbondale, IL

PROPERTY PRICE

`$`132,400

Median

CASH ON CASH RETURN

3.74%

Traditional

6.27%

Airbnb

Addieville, IL

PROPERTY PRICE

N/A

Median

CASH ON CASH RETURN

N/A

Traditional

N/A

Airbnb

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