Discover
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.