Real Estate Investment Properties for Sale in Effingham, IL

Looking for investment property in Effingham, IL with high ROI ?

Explore a variety of short-term homes & houses in Effingham, IL. Invest wisely with VRBO & Effingham, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Effingham, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
9284 E Court Eleven Effingham, IL A One-of-a-Kind Lake Sara Home with Private Island, Decorative Lighthouse & Boathouse. Exp...	5 beds \| 4 baths \| 4,700 sq.ft.	$1,499,000	Airbnb cash on cash: -0.78% Traditional cash on cash: 0.12% Airbnb Rental Income: $2207 Traditional Rental Income: $2898 Airbnb ROI: -0.78% Traditional ROI: 0.12%
10028 E Pineridge Drive Effingham, IL Wake each morning to the peaceful setting of this custom lakefront home on the shores of L...	4 beds \| 3 baths \| 4,700 sq.ft.	$1,625,000	Airbnb cash on cash: -2.47% Traditional cash on cash: -1.34% Airbnb Rental Income: $1772 Traditional Rental Income: $2990 Airbnb ROI: -2.47% Traditional ROI: -1.34%
Investment Properties for Sale in Other Cities of Illinois
7801 S Ada Street Chicago , IL Welcome to this stunning, fully remodeled solid-brick single-family home in Auburn Gresham...	3 beds \| 3 baths \| 1,200 sq.ft.	$240,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 8.19% Airbnb Rental Income: $793 Traditional Rental Income: $2306 Airbnb ROI: 0.1% Traditional ROI: 8.19%
5918 S Albany Avenue Chicago , IL GREAT OPPORTUNITY TO OWN IN THIS FAST APPRECIATING AREA !!! REAR OF THE LOT !!BRICK SINGLE...	2 beds \| 2 baths \| 832 sq.ft.	$175,000	Airbnb cash on cash: 1.54% Traditional cash on cash: 9.26% Airbnb Rental Income: $1113 Traditional Rental Income: $2024 Airbnb ROI: 1.54% Traditional ROI: 9.26%
5701 N Sheridan Road #3E Chicago , IL Bright, beautifully maintained 1-bedroom with sweeping lake and skyline views in the highl...	1 beds \| 1 baths \| 850 sq.ft.	$199,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 2.3% Airbnb Rental Income: $1581 Traditional Rental Income: $1566 Airbnb ROI: -0.01% Traditional ROI: 2.3%
5705 S Nottingham Ave Chicago , IL 5705 S Nottingham Ave, Chicago, IL 60638 \| Single Family Residential	2 beds \| 2 baths \| 929 sq.ft.	$399,900	Airbnb cash on cash: -2.2% Traditional cash on cash: 1.26% Airbnb Rental Income: $807 Traditional Rental Income: $1782 Airbnb ROI: -2.2% Traditional ROI: 1.26%
1709 NORTH PARK Avenue #1 Chicago , IL This charming vintage-chic condo blends classic character with thoughtful updates in a pri...	2 beds \| 2 baths \| N/A	$575,000	Airbnb cash on cash: -1.52% Traditional cash on cash: 0.88% Airbnb Rental Income: $1561 Traditional Rental Income: $2399 Airbnb ROI: -1.52% Traditional ROI: 0.88%
1905 N Bissell Street #2 Chicago , IL Impeccably designed resale from critically acclaimed PLD Development. This highly upgraded...	3 beds \| 2 baths \| N/A	$950,000	Airbnb cash on cash: -1.93% Traditional cash on cash: 1.7% Airbnb Rental Income: $1458 Traditional Rental Income: $4238 Airbnb ROI: -1.93% Traditional ROI: 1.7%
130 N Garland Ct #3302 Chicago , IL 130 N Garland Ct #3302, Chicago, IL 60602 \| Condo/Coop	3 beds \| 2 baths \| 1,653 sq.ft.	$725,000	Airbnb cash on cash: -3.99% Traditional cash on cash: -1.47% Airbnb Rental Income: $1311 Traditional Rental Income: $2604 Airbnb ROI: -3.99% Traditional ROI: -1.47%
801 S Plymouth Ct #1111 Chicago , IL Rarely available Penthouse unit overlooking Sears Tower (Willis) and downtown Chicago. 2 l...	2 beds \| 2 baths \| 1,300 sq.ft.	$265,000	Airbnb cash on cash: -4.73% Traditional cash on cash: 3.58% Airbnb Rental Income: $886 Traditional Rental Income: $2626 Airbnb ROI: -4.73% Traditional ROI: 3.58%
8 W Monroe St #1209 Chicago , IL Unbeatable location in the heart of the Loop, with the Red and Blue train lines on the sam...	2 beds \| 2 baths \| 990 sq.ft.	$318,000	Airbnb cash on cash: -4.25% Traditional cash on cash: 1.81% Airbnb Rental Income: $1057 Traditional Rental Income: $2506 Airbnb ROI: -4.25% Traditional ROI: 1.81%
1645 W Ogden Avenue #530 Chicago , IL Rarely available 3 bed, 2 bath loft in the West Loop with soaring 14' ceilings and oversiz...	3 beds \| 2 baths \| 1,415 sq.ft.	$485,000	Airbnb cash on cash: -3.55% Traditional cash on cash: -0.1% Airbnb Rental Income: $1068 Traditional Rental Income: $2264 Airbnb ROI: -3.55% Traditional ROI: -0.1%
5555 N Cumberland Ave #413 Chicago , IL This elegant high-rise residence offers a refined living experience in a prime location. S...	2 beds \| 2 baths \| 1,700 sq.ft.	$425,000	Airbnb cash on cash: -1.77% Traditional cash on cash: 2.84% Airbnb Rental Income: $1150 Traditional Rental Income: $2606 Airbnb ROI: -1.77% Traditional ROI: 2.84%

Real Estate investment in Effingham, IL

There are 2 properties for sale in the city of Effingham . The median list price in Effingham is $1,562,000 and the average price per square foot is $332. In May 2026, the average monthly cash on cash return in Effingham is 4.00%. The average monthly rental income in Effingham is $2,112.

Effingham, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 2 investment properties available for sale in Effingham.

In 2026, the best neighborhood to buy investment property is Effingham.

The ROI for Short-Term is higher than the Long-Term in Effingham with average rental income of $979.

Your search for investment property begins and ends here

Investment Property for Sale in Effingham, IL

9284 E Court Eleven

Effingham, IL

5 beds | 4 baths | 4,700 sq.ft.

$1,499,000

Airbnb cash on cash: -0.78%

Traditional cash on cash: 0.12%

Airbnb Rental Income: $2207

Traditional Rental Income: $2898

Airbnb ROI: -0.78%

Traditional ROI: 0.12%

10028 E Pineridge Drive

Effingham, IL

4 beds | 3 baths | 4,700 sq.ft.

$1,625,000

Airbnb cash on cash: -2.47%

Traditional cash on cash: -1.34%

Airbnb Rental Income: $1772

Traditional Rental Income: $2990

Airbnb ROI: -2.47%

Traditional ROI: -1.34%

Investment Properties for Sale in Other Cities of Illinois

Chicago , IL

3 beds | 3 baths | 1,200 sq.ft.

$240,000

Airbnb cash on cash: 0.1%

Traditional cash on cash: 8.19%

Airbnb Rental Income: $793

Traditional Rental Income: $2306

Airbnb ROI: 0.1%

Traditional ROI: 8.19%

Chicago , IL

2 beds | 2 baths | 832 sq.ft.

$175,000

Airbnb cash on cash: 1.54%

Traditional cash on cash: 9.26%

Airbnb Rental Income: $1113

Traditional Rental Income: $2024

Airbnb ROI: 1.54%

Traditional ROI: 9.26%

Chicago , IL

1 beds | 1 baths | 850 sq.ft.

$199,000

Airbnb cash on cash: -0.01%

Traditional cash on cash: 2.3%

Airbnb Rental Income: $1581

Traditional Rental Income: $1566

Airbnb ROI: -0.01%

Traditional ROI: 2.3%

Chicago , IL

2 beds | 2 baths | 929 sq.ft.

$399,900

Airbnb cash on cash: -2.2%

Traditional cash on cash: 1.26%

Airbnb Rental Income: $807

Traditional Rental Income: $1782

Airbnb ROI: -2.2%

Traditional ROI: 1.26%

Chicago , IL

2 beds | 2 baths | N/A

$575,000

Airbnb cash on cash: -1.52%

Traditional cash on cash: 0.88%

Airbnb Rental Income: $1561

Traditional Rental Income: $2399

Airbnb ROI: -1.52%

Traditional ROI: 0.88%

Chicago , IL

3 beds | 2 baths | N/A

$950,000

Airbnb cash on cash: -1.93%

Traditional cash on cash: 1.7%

Airbnb Rental Income: $1458

Traditional Rental Income: $4238

Airbnb ROI: -1.93%

Traditional ROI: 1.7%

Chicago , IL

3 beds | 2 baths | 1,653 sq.ft.

$725,000

Airbnb cash on cash: -3.99%