Park Forest Investment Analysis
Investment Property in Park Forest, IL
Park Forest, IL Real Estate Investment Performance
$165,901
Median
1,449
Avg/Sq.ft.
7.00%
Traditional
1.00%
Airbnb
242
Investment
56
Airbnb
5
Traditional
22%
Airbnb occupancy rate
Redfin Housing market insights powered by Redfin
73
Number of homes sold
77
Median days on market
99%
Average sale-to-list price ratio
29%
Percentage of listings with price drops
242
Active listings count
113
New listings count
6.6
Months of supply
Park Forest, IL Properties Rental Prices
Predict Short-Term Rental Revenue
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Investment Properties for Sale in Park Forest, IL
$140,000
MLS 12547813
Single Family Residential
CAP RATE
Trad.
9.92%
Airbnb
5.55%
$136,000
MLS 12021785
Single Family Residential
CAP RATE
Trad.
7.44%
Airbnb
4.94%
$135,000
MLS 12567793
Single Family Residential
CAP RATE
Trad.
8.75%
Airbnb
3.99%
$145,000
MLS 12666189
Single Family Residential
CAP RATE
Trad.
8.05%
Airbnb
3.89%
$125,000
MLS 12675714
Other
CAP RATE
Trad.
7.89%
Airbnb
3.48%
$124,900
MLS 12641899
Other
CAP RATE
Trad.
8.35%
Airbnb
3.43%
$159,000
MLS 12674193
Other
CAP RATE
Trad.
7.33%
Airbnb
3.23%
$124,999
MLS 12362913
Other
CAP RATE
Trad.
12.22%
Airbnb
3.07%
Single Family Houses for Sale in Park Forest, IL
$140,000
MLS 12547813
Single Family Residential
CAP RATE
Trad.
9.92%
Airbnb
5.55%
$136,000
MLS 12021785
Single Family Residential
CAP RATE
Trad.
7.44%
Airbnb
4.94%
$135,000
MLS 12567793
Single Family Residential
CAP RATE
Trad.
8.75%
Airbnb
3.99%
$145,000
MLS 12666189
Single Family Residential
CAP RATE
Trad.
8.05%
Airbnb
3.89%
$174,500
MLS 12635356
Single Family Residential
CAP RATE
Trad.
5.81%
Airbnb
2.95%
$169,900
MLS 12652079
Single Family Residential
CAP RATE
Trad.
10.57%
Airbnb
2.84%
$149,873
MLS 12653414
Single Family Residential
CAP RATE
Trad.
6.95%
Airbnb
2.65%
$175,000
MLS 12692411
Single Family Residential
CAP RATE
Trad.
7.49%
Airbnb
2.31%
Top Park Forest, IL Neighborhoods - Real Estate Market Analysis
Park Forest
$146,200
Median for city
7.02%
Traditional
5.90%
Airbnb
$ 1,525
Traditional
$ 2,212
Airbnb
54%
Airbnb occupancy rate
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Best Short Term Rental Markets
Find great vacation rentals for sale in the top performing markets
Short Term Rentals For SaleAirbnb Vacation Rentals in Park Forest, IL
$85 per night
Airbnb occupancy rate 33%
Condominium 2 · 0 · 5
Rental Income: $843 per month
354
$257 per night
Airbnb occupancy rate 30%
House 3 · 0 · 8
Rental Income: $2,356 per month
286
$47 per night
Airbnb occupancy rate 4%
Loft 1 · 0 · 1
Rental Income: $55 per month
275
$67 per night
Airbnb occupancy rate 36%
Guest suite 1 · 0 · 2
Rental Income: $726 per month
267
$116 per night
Airbnb occupancy rate 61%
Apartment 1 · 0 · 3
Rental Income: $2,156 per month
118
$173 per night
Airbnb occupancy rate 22%
House 2 · 1 · 4
Rental Income: $1,182 per month
108
$233 per night
Airbnb occupancy rate 23%
Apartment 2 · 0 · 5
Rental Income: $1,650 per month
107
$200 per night
Airbnb occupancy rate 41%
Guest suite 1 · 0 · 5
Rental Income: $2,500 per month
102
Real Estate Investment Analysis - Other Cities in illinois
| City Name | Property price | Cash on cash return | Rental Income | No. of Properties | Airbnb Occupancy Rate | ||
|---|---|---|---|---|---|---|---|
| Median | traditional | Airbnb | traditional | Airbnb | |||
| Springfield | $265,000 | 7% | 3% | $2,110 | $1,509 | 977 | 31% |
| Elgin | $365,000 | 4% | 2% | $2,657 | $1,715 | 165 | 31% |
| Oak Lawn | $249,900 | 5% | 1% | $2,132 | $1,386 | 133 | 26% |
| Schaumburg | $384,900 | 4% | 2% | $2,414 | $2,609 | 107 | 32% |
| Palatine | $374,900 | 4% | 1% | $2,448 | $1,735 | 104 | 31% |
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