Park Forest Investment Analysis
Investment Property in Park Forest, IL
Park Forest, IL Real Estate Investment Performance
$165,901
Median
1,376
Avg/Sq.ft.
7.00%
Traditional
2.00%
Airbnb
242
Investment
58
Airbnb
5
Traditional
24%
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
$142,900
MLS 12666189
Single Family Residential
CAP RATE
Trad.
8.05%
Airbnb
7.24%
$124,999
MLS 12702474
Single Family Residential
CAP RATE
Trad.
12.22%
Airbnb
6.95%
$169,900
MLS 12652079
Single Family Residential
CAP RATE
Trad.
10.57%
Airbnb
5.70%
$295,000
MLS 12692714
Other
CAP RATE
Trad.
5.47%
Airbnb
5.32%
$139,900
MLS 12731657
Single Family Residential
CAP RATE
Trad.
8.38%
Airbnb
4.85%
$199,900
MLS 12418815
Other
CAP RATE
Trad.
6.84%
Airbnb
4.09%
$200,000
MLS 12580710
Other
CAP RATE
Trad.
7.67%
Airbnb
4.04%
$145,000
MLS 12552853
Other
CAP RATE
Trad.
8.87%
Airbnb
3.90%
Single Family Houses for Sale in Park Forest, IL
$142,900
MLS 12666189
Single Family Residential
CAP RATE
Trad.
8.05%
Airbnb
7.24%
$124,999
MLS 12702474
Single Family Residential
CAP RATE
Trad.
12.22%
Airbnb
6.95%
$169,900
MLS 12652079
Single Family Residential
CAP RATE
Trad.
10.57%
Airbnb
5.70%
$139,900
MLS 12731657
Single Family Residential
CAP RATE
Trad.
8.38%
Airbnb
4.85%
$199,000
MLS 12708200
Single Family Residential
CAP RATE
Trad.
7.65%
Airbnb
3.78%
$135,000
MLS 12567793
Single Family Residential
CAP RATE
Trad.
8.75%
Airbnb
3.73%
$175,000
MLS 12677673
Single Family Residential
CAP RATE
Trad.
8.28%
Airbnb
3.43%
$195,000
MLS 12757513
Single Family Residential
CAP RATE
Trad.
4.96%
Airbnb
3.30%
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
$238 per night
Airbnb occupancy rate 33%
House 3 · 5 · 8
Rental Income: $2,360 per month
291
$81 per night
Airbnb occupancy rate 22%
Loft 1 · 1 · 1
Rental Income: $538 per month
276
$116 per night
Airbnb occupancy rate 55%
Guest suite 1 · 1 · 2
Rental Income: $1,943 per month
275
$212 per night
Airbnb occupancy rate 26%
Apartment 2 · 2 · 5
Rental Income: $1,678 per month
116
$174 per night
Airbnb occupancy rate 18%
House 2 · 1 · 4
Rental Income: $928 per month
108
$196 per night
Airbnb occupancy rate 50%
Guest suite 1 · 1 · 6
Rental Income: $2,973 per month
105
$208 per night
Airbnb occupancy rate 43%
Tiny house 1 · 1 · 4
Rental Income: $2,739 per month
97
$256 per night
Airbnb occupancy rate 46%
House 4 · 2 · 8
Rental Income: $3,584 per month
92
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 | $260,000 | 7% | 2% | $2,114 | $1,577 | 1,018 | 32% |
| Elgin | $377,450 | 3% | 1% | $2,440 | $1,989 | 284 | 34% |
| HOFFMAN ESTATES | $422,000 | 2% | 2% | $2,257 | $2,937 | 262 | 43% |
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