MORTON GROVE Investment Analysis

Investment Property in MORTON GROVE, IL

Home Investment Performance Rent Prices Top Properties Attractions Insights

MORTON GROVE, IL Real Estate Investment Performance

PROPERTY SALE PRICE

$ 457,000

Median

2,086

Avg/Sq.ft.

CASH ON CASH RETURN

3.00%

Traditional

3.00%

Airbnb

RENTAL INCOME

$ 2,860

Traditional

$ 3,870

Airbnb

RENTAL INCOME

$ 2,860

Traditional

$ 3,870

Airbnb

NUMBER OF PROPERTIES

14

Investment

165

Airbnb

18

Traditional

63%

Airbnb occupancy rate

MORTON GROVE, IL Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 2,242	$ 2,322	$ 3,870	$ 3,860
Traditional	$ 1,328	$ 2,115	$ 3,008	$ 3,243

Airbnb

1 ROOM	$ 2,242
2 ROOMS	$ 2,322
3 ROOMS	$ 3,870
4 ROOMS	$ 3,860

Traditional

1 ROOM	$ 1,328
2 ROOMS	$ 2,115
3 ROOMS	$ 3,008
4 ROOMS	$ 3,243

Predict Short-Term Rental Revenue

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Investment Properties for Sale in MORTON GROVE, IL

$455,000

MLS 12044717

9243 Luna Avenue, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 2 baths 1,325 sq.ft.

CAP RATE Trad. 4.03% Airbnb 4.48%

Analyze Property

$169,500

MLS 12022696

5506 Lincoln Avenue #A424, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

1 beds 1 baths N/A sq.ft.

CAP RATE Trad. 1.24% Airbnb 4.48%

Analyze Property

$500,000

MLS 12047789

7620 Suffield Street, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 2 baths 1,233 sq.ft.

CAP RATE Trad. 3.62% Airbnb 4.32%

Analyze Property

$459,000

MLS 12025509

7200 Wilson Terrace, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 2 baths 1,064 sq.ft.

CAP RATE Trad. 2.67% Airbnb 4.08%

Analyze Property

$565,000

MLS 12008949

9358 Shermer Road, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 3 baths 1,700 sq.ft.

CAP RATE Trad. 3.22% Airbnb 3.52%

Analyze Property

$450,000

MLS 12012902

8335 Concord Drive, MORTON GROVE, IL 60053

MORTON GROVE

Townhouse

3 beds 3 baths N/A sq.ft.

CAP RATE Trad. 4.22% Airbnb 3.49%

Analyze Property

$549,999

MLS 11983024

7429 Foster Street, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 2 baths 1,500 sq.ft.

CAP RATE Trad. 3.47% Airbnb 3.45%

Analyze Property

$410,000

MLS 12014742

7844 Central Avenue, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 2 baths 1,284 sq.ft.

CAP RATE Trad. 2.57% Airbnb 3.39%

Analyze Property

Single Family Houses for Sale in MORTON GROVE, IL

$455,000

MLS 12044717

9243 Luna Avenue, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 2 baths 1,325 sq.ft.

CAP RATE Trad. 4.03% Airbnb 4.48%

Analyze Property

$169,500

MLS 12022696

5506 Lincoln Avenue #A424, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

1 beds 1 baths N/A sq.ft.

CAP RATE Trad. 1.24% Airbnb 4.48%

Analyze Property

$500,000

MLS 12047789

7620 Suffield Street, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 2 baths 1,233 sq.ft.

CAP RATE Trad. 3.62% Airbnb 4.32%

Analyze Property

$459,000

MLS 12025509

7200 Wilson Terrace, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 2 baths 1,064 sq.ft.

CAP RATE Trad. 2.67% Airbnb 4.08%

Analyze Property

$565,000

MLS 12008949

9358 Shermer Road, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 3 baths 1,700 sq.ft.

CAP RATE Trad. 3.22% Airbnb 3.52%

Analyze Property

$549,999

MLS 11983024

7429 Foster Street, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 2 baths 1,500 sq.ft.

CAP RATE Trad. 3.47% Airbnb 3.45%

Analyze Property

$410,000

MLS 12014742

7844 Central Avenue, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 2 baths 1,284 sq.ft.

CAP RATE Trad. 2.57% Airbnb 3.39%

Analyze Property

$599,999

MLS 11980175

5511 Warren Street, MORTON GROVE, IL 60053

MORTON GROVE

Single Family Residential

3 beds 2 baths 1,700 sq.ft.

CAP RATE Trad. 2.29% Airbnb 2.33%

Analyze Property

Airbnb Vacation Rentals in MORTON GROVE, IL

$83 per night Airbnb occupancy rate 91%

Apartment 2 · 1 · 4

Cozy Garden Unit in Quiet Neighborhood Skokie, IL, United States

Rental Income: $2,303 per month

531

Calculate Rental Income

$74 per night Airbnb occupancy rate 85%

Guest suite 2 · 1 · 6

Private Cozy Basement - Two Bedrooms Morton Grove, IL, United States

Rental Income: $1,912 per month

439

Calculate Rental Income

$145 per night Airbnb occupancy rate 75%

House 3 · 2 · 10

Entire Unique Home in Edison Park Chicago, IL, United States

Rental Income: $3,335 per month

360

Calculate Rental Income

$86 per night Airbnb occupancy rate 60%

Guest suite 1 · 1 · 4

Huge, cozy one bedroom semi-basement apartment Evanston, IL, United States

Rental Income: $1,584 per month

326

Calculate Rental Income

$148 per night Airbnb occupancy rate 79%

Apartment 1 · 1 · 4

Modern Garden apartment (WHOLE UNIT) Park Ridge, IL, United States

Rental Income: $3,564 per month

321

Calculate Rental Income

$68 per night Airbnb occupancy rate 86%

Guest suite 1 · 1 · 2

Spacious in-law Apt: 10 min to O'Hare and Downtown Chicago, IL, United States

Rental Income: $1,785 per month

265

Calculate Rental Income

$137 per night Airbnb occupancy rate 94%

Apartment 3 · 1 · 6

The Getaway Serene 3 BR in Skokie/Evanston near NU Skokie, IL, United States

Rental Income: $3,939 per month

246

Calculate Rental Income

$100 per night Airbnb occupancy rate 47%

Apartment 3 · 1 · 6

⚡️NEW! Stylish & Cozy 3BDRM, 10min/ORD, 20min/DT❤️ Chicago, IL, United States

Rental Income: $1,433 per month

245

Calculate Rental Income

Real Estate Investment Analysis - Other Cities in illinois

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
PEKIN	$120,950	10%	8%	$1,489	$1,891	30	70%
Naperville	$669,950	3%	4%	$3,483	$4,461	290	70%
Springfield	$158,500	7%	11%	$1,698	$2,648	127	68%
SKOKIE	$397,000	4%	4%	$2,650	$3,588	62	68%
Elgin	$409,000	4%	6%	$2,845	$4,131	155	64%
WOOD DALE	$340,000	4%	8%	$2,465	$4,883	18	64%
LAKE IN THE HILLS	$339,900	4%	7%	$2,626	$4,792	32	64%
Palatine	$265,000	4%	5%	$2,220	$3,482	67	63%
Carol Stream	$364,950	4%	8%	$2,587	$4,425	26	63%
ELMWOOD PARK	$373,000	4%	4%	$2,469	$2,772	27	62%
Lombard	$379,900	4%	6%	$2,547	$4,421	53	62%
BERWYN	$349,900	4%	4%	$2,279	$3,097	49	62%
WHEELING	$274,000	4%	4%	$2,391	$3,144	29	62%
WADSWORTH	$604,900	2%	6%	$3,000	$6,259	17	62%
Park Forest	$174,900	7%	11%	$2,243	$3,567	77	60%
Machesney Park	$185,000	6%	6%	$1,639	$1,980	19	60%
Oswego	$437,990	4%	5%	$2,820	$2,925	71	60%
Mundelein	$380,000	4%	2%	$2,693	$2,991	33	60%
Bellwood	$219,250	6%	8%	$2,108	$3,564	16	60%
Bartlett	$400,000	4%	6%	$3,198	$4,264	39	59%