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%
$170,000
MLS 12694468
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%
$170,000
MLS 12694468
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%
$245,000
MLS 12462652
Single Family Residential
CAP RATE
Trad.
7.82%
Airbnb
3.06%
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
$247 per night
Airbnb occupancy rate 35%
House 3 · 5 · 8
Rental Income: $2,655 per month
288
$48 per night
Airbnb occupancy rate 15%
Loft 1 · 1 · 1
Rental Income: $216 per month
275
$63 per night
Airbnb occupancy rate 37%
Guest suite 1 · 1 · 2
Rental Income: $709 per month
273
$322 per night
Airbnb occupancy rate 27%
Apartment 2 · 2 · 5
Rental Income: $2,630 per month
113
$173 per night
Airbnb occupancy rate 18%
House 2 · 1 · 4
Rental Income: $923 per month
108
$200 per night
Airbnb occupancy rate 45%
Guest suite 1 · 1 · 5
Rental Income: $2,767 per month
104
$217 per night
Airbnb occupancy rate 39%
Tiny house 1 · 1 · 4
Rental Income: $2,604 per month
92
$243 per night
Airbnb occupancy rate 41%
House 4 · 2 · 8
Rental Income: $3,038 per month
91
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 | $427,450 | 2% | 2% | $2,362 | $2,687 | 184 | 35% |
| Oak Lawn | $275,000 | 5% | 1% | $2,276 | $1,710 | 146 | 29% |
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