Chicago Investment Analysis

Investment Property in Chicago, IL

Discover Investment Performance Rent Prices Top Properties Insights

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.

Chicago, IL Real Estate Investment Performance

PROPERTY SALE PRICE

$ 387,900

Median

1,844

Avg/Sq.ft.

CASH ON CASH RETURN

3.00%

Traditional

3.00%

Airbnb

RENTAL INCOME

$ 2,392

Traditional

$ 3,687

Airbnb

RENTAL INCOME

$ 2,392

Traditional

$ 3,687

Airbnb

NUMBER OF PROPERTIES

6,019

Investment

53,969

Airbnb

10,069

Traditional

67%

Airbnb occupancy rate

Chicago, IL Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 2,000	$ 2,657	$ 3,423	$ 4,991
Traditional	$ 1,376	$ 1,737	$ 2,311	$ 3,063

Airbnb

1 ROOM	$ 2,000
2 ROOMS	$ 2,657
3 ROOMS	$ 3,423
4 ROOMS	$ 4,991

Traditional

1 ROOM	$ 1,376
2 ROOMS	$ 1,737
3 ROOMS	$ 2,311
4 ROOMS	$ 3,063

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Investment Properties for Sale in Chicago, IL

$109,000

MLS 11952078

10641 S Calumet Ave, Chicago, IL 60628

Roseland

Single Family Residential

2 beds 2 baths 950 sq.ft.

CAP RATE Trad. 7.84% Airbnb 10.46%

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	$135,000	9%	8%	$1,841	$1,934	33	73%
Vandalia	$166,000	11%	13%	$2,024	$2,332	10	72%
SKOKIE	$394,500	4%	4%	$2,551	$3,680	64	70%
Naperville	$675,000	3%	5%	$3,611	$3,718	367	70%
Elgin	$419,000	4%	7%	$2,883	$4,051	165	66%
Springfield	$154,000	8%	10%	$1,698	$2,523	117	66%
Lombard	$364,500	4%	6%	$2,421	$4,536	69	66%
WOOD DALE	$345,000	4%	7%	$2,650	$5,041	19	66%
LAKE IN THE HILLS	$332,400	4%	6%	$2,593	$4,682	32	66%
BERWYN	$350,000	4%	4%	$2,280	$2,905	52	64%
Palatine	$337,450	4%	5%	$2,331	$3,398	74	64%
ELMWOOD PARK	$373,000	4%	3%	$2,593	$2,840	32	63%
WADSWORTH	$452,450	3%	7%	$3,010	$6,314	22	63%
Oswego	$429,950	4%	6%	$2,888	$6,237	82	62%
Bellwood	$224,900	5%	6%	$1,999	$2,803	17	62%
Carol Stream	$399,900	4%	7%	$2,795	$4,148	45	62%
Park Forest	$160,000	7%	12%	$2,219	$3,662	75	61%
WHEELING	$259,450	5%	4%	$2,365	$2,787	36	61%
Mundelein	$349,900	4%	3%	$2,693	$2,921	41	59%
Machesney Park	$179,900	7%	6%	$1,645	$2,023	21	58%

$ 387,900

Median

1,844

Avg/Sq.ft.

3.00%

Traditional

3.00%

Airbnb

$ 2,392

Traditional

$ 3,687

Airbnb

$ 2,392

Traditional

$ 3,687

Airbnb

6,019

Investment

53,969

Airbnb

10,069

Traditional

67%

Airbnb occupancy rate

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