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
104 S Willow St Effingham, IL Buy through Auction.com. This foreclosure property is a great opportunity to invest in thi...	3 beds \| 1 baths \| 1,995 sq.ft.	$145,999	Airbnb cash on cash: 5.39% Traditional cash on cash: 9.41% Airbnb Rental Income: $1641 Traditional Rental Income: $1741 Airbnb ROI: 5.39% Traditional ROI: 9.41%
14326 E Persimmon Ave Effingham, IL 14326 E Persimmon Ave, Effingham, IL 62401 \| Single Family Residential	3 beds \| 2 baths \| 2,000 sq.ft.	$278,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 5.24% Airbnb Rental Income: $1641 Traditional Rental Income: $2321 Airbnb ROI: 0.89% Traditional ROI: 5.24%
505 W Evergreen Ave Effingham, IL 505 W Evergreen Ave, Effingham, IL 62401 \| Single Family Residential	4 beds \| 2 baths \| 3,635 sq.ft.	$325,000	Airbnb cash on cash: -1.2% Traditional cash on cash: 4.12% Airbnb Rental Income: $1089 Traditional Rental Income: $2344 Airbnb ROI: -1.2% Traditional ROI: 4.12%
907 Ealy St Effingham, IL 907 Ealy St, Effingham, IL 62401 \| Single Family Residential	3 beds \| 1 baths \| 1,896 sq.ft.	$219,500	Airbnb cash on cash: 1.99% Traditional cash on cash: 4.6% Airbnb Rental Income: $1641 Traditional Rental Income: $1720 Airbnb ROI: 1.99% Traditional ROI: 4.6%
1105 Merchant St Effingham, IL 1105 Merchant St, Effingham, IL 62401 \| Single Family Residential	3 beds \| 2 baths \| 1,296 sq.ft.	$159,900	Airbnb cash on cash: 3.89% Traditional cash on cash: 8.68% Airbnb Rental Income: $1641 Traditional Rental Income: $1910 Airbnb ROI: 3.89% Traditional ROI: 8.68%
9284 E Court Eleven Effingham, IL 9284 E Court Eleven, Effingham, IL 62401 \| Single Family Residential	4 beds \| 3 baths \| 5,500 sq.ft.	$1,999,900	Airbnb cash on cash: -2.92% Traditional cash on cash: -1.75% Airbnb Rental Income: $1089 Traditional Rental Income: $2898 Airbnb ROI: -2.92% Traditional ROI: -1.75%
406 W Kentucky Ave Effingham, IL 406 W Kentucky Ave, Effingham, IL 62401 \| Single Family Residential	3 beds \| 3 baths \| 3,492 sq.ft.	$345,900	Airbnb cash on cash: 0.1% Traditional cash on cash: 4.91% Airbnb Rental Income: $1641 Traditional Rental Income: $2741 Airbnb ROI: 0.1% Traditional ROI: 4.91%
506 Bent Tree Dr Effingham, IL 506 Bent Tree Dr, Effingham, IL 62401 \| Single Family Residential	3 beds \| 2 baths \| 3,418 sq.ft.	$349,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 2.65% Airbnb Rental Income: $1641 Traditional Rental Income: $2079 Airbnb ROI: -0.02% Traditional ROI: 2.65%
9219 E Best Ct Effingham, IL 9219 E Best Ct, Effingham, IL 62401 \| Single Family Residential	4 beds \| 3 baths \| 2,860 sq.ft.	$1,950,000	Airbnb cash on cash: -2.92% Traditional cash on cash: -1.58% Airbnb Rental Income: $1089 Traditional Rental Income: $3137 Airbnb ROI: -2.92% Traditional ROI: -1.58%
2310 Raney St Effingham, IL 2310 Raney St, Effingham, IL 62401 \| Single Family Residential	5 beds \| 3 baths \| 4,268 sq.ft.	$449,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 4.1% Airbnb Rental Income: $3288 Traditional Rental Income: $3180 Airbnb ROI: 2.6% Traditional ROI: 4.1%
504 A&B E Hendelmeyer Ave #B Effingham, IL 504 A&B E Hendelmeyer Ave #B, Effingham, IL 62401 \| Single Family Residential	2 beds \| 1 baths \| 916 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.88% Airbnb Rental Income: $null Traditional Rental Income: $1395 Airbnb ROI: N/A Traditional ROI: 1.88%
702 W Fayette Ave Effingham, IL 702 W Fayette Ave, Effingham, IL 62401 \| Multi Family	N/A beds \| N/A baths \| 0 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.8% Airbnb Rental Income: $null Traditional Rental Income: $953 Airbnb ROI: N/A Traditional ROI: 1.8%
11154 E Ravenwood Ct Effingham, IL 11154 E Ravenwood Ct, Effingham, IL 62401 \| Single Family Residential	4 beds \| 3 baths \| 4,797 sq.ft.	$619,900	Airbnb cash on cash: -2.19% Traditional cash on cash: 1.68% Airbnb Rental Income: $1089 Traditional Rental Income: $2994 Airbnb ROI: -2.19% Traditional ROI: 1.68%
805 N Glenwood St Effingham, IL 805 N Glenwood St, Effingham, IL 62401 \| Single Family Residential	4 beds \| 3 baths \| 3,276 sq.ft.	$352,900	Airbnb cash on cash: -1.36% Traditional cash on cash: 5.44% Airbnb Rental Income: $1089 Traditional Rental Income: $2972 Airbnb ROI: -1.36% Traditional ROI: 5.44%
11107 E Cambridge Ln Effingham, IL 11107 E Cambridge Ln, Effingham, IL 62401 \| Single Family Residential	8 beds \| 4 baths \| 7,879 sq.ft.	$989,900	Airbnb cash on cash: -0.59% Traditional cash on cash: 0.22% Airbnb Rental Income: $3288 Traditional Rental Income: $3300 Airbnb ROI: -0.59% Traditional ROI: 0.22%
8434 Meadowview Rd Effingham, IL 8434 Meadowview Rd, Effingham, IL 62401 \| Single Family Residential	5 beds \| 3 baths \| 4,134 sq.ft.	$535,000	Airbnb cash on cash: 1.67% Traditional cash on cash: 2.91% Airbnb Rental Income: $3288 Traditional Rental Income: $3175 Airbnb ROI: 1.67% Traditional ROI: 2.91%
15690 E 1100th Ave Effingham, IL 15690 E 1100th Ave, Effingham, IL 62401 \| Single Family Residential	3 beds \| 3 baths \| 4,376 sq.ft.	$530,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 1.73% Airbnb Rental Income: $1641 Traditional Rental Income: $2631 Airbnb ROI: -1.12% Traditional ROI: 1.73%
14480 N 1025th St Effingham, IL 14480 N 1025th St, Effingham, IL 62401 \| Single Family Residential	3 beds \| 3 baths \| 3,294 sq.ft.	$774,900	Airbnb cash on cash: -1.75% Traditional cash on cash: 0.31% Airbnb Rental Income: $1641 Traditional Rental Income: $2665 Airbnb ROI: -1.75% Traditional ROI: 0.31%
E 1600th St Effingham, IL E 1600th St, Effingham, IL 62401 \| Other	N/A beds \| N/A baths \| 1,497 sq.ft.	$545,700	Airbnb cash on cash: -1.61% Traditional cash on cash: 1.76% Airbnb Rental Income: $1344 Traditional Rental Income: $2647 Airbnb ROI: -1.61% Traditional ROI: 1.76%
1600 W Fayette Ave Effingham, IL 1600 W Fayette Ave, Effingham, IL 62401 \| Other	N/A beds \| N/A baths \| N/A	$1,200,000	Airbnb cash on cash: -2.51% Traditional cash on cash: -2.46% Airbnb Rental Income: $1344 Traditional Rental Income: $986 Airbnb ROI: -2.51% Traditional ROI: -2.46%
Blohm Ave Effingham, IL Blohm Ave, Effingham, IL 62401 \| Other	N/A beds \| N/A baths \| N/A	$112,297	Airbnb cash on cash: 4.52% Traditional cash on cash: 5.03% Airbnb Rental Income: $1344 Traditional Rental Income: $986 Airbnb ROI: 4.52% Traditional ROI: 5.03%
Althoff Dr Effingham, IL Althoff Dr, Effingham, IL 62401 \| Other	N/A beds \| N/A baths \| N/A	$1,994,800	Airbnb cash on cash: -2.81% Traditional cash on cash: -2.78% Airbnb Rental Income: $1344 Traditional Rental Income: $986 Airbnb ROI: -2.81% Traditional ROI: -2.78%
926 E Fayette Ave Effingham, IL 926 E Fayette Ave, Effingham, IL 62401 \| Other	N/A beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: 5.44% Traditional cash on cash: 6% Airbnb Rental Income: $1344 Traditional Rental Income: $986 Airbnb ROI: 5.44% Traditional ROI: 6%
1200 Cliffview Dr Effingham, IL 1200 Cliffview Dr, Effingham, IL 62401 \| Other	N/A beds \| N/A baths \| N/A	$65,000	Airbnb cash on cash: 9.77% Traditional cash on cash: 10.62% Airbnb Rental Income: $1344 Traditional Rental Income: $986 Airbnb ROI: 9.77% Traditional ROI: 10.62%
16218 N Country Estates Rd Effingham, IL	5 beds \| 4 baths \| 2,212 sq.ft.	$210,000	Airbnb cash on cash: 9.12% Traditional cash on cash: 11.02% Airbnb Rental Income: $3288 Traditional Rental Income: $2929 Airbnb ROI: 9.12% Traditional ROI: 11.02%
1006 N Koester Dr Effingham, IL 1006 N Koester Dr, Effingham, IL 62401 \| Single Family Residential	3 beds \| 3 baths \| 2,184 sq.ft.	$285,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 6.56% Airbnb Rental Income: $1641 Traditional Rental Income: $2724 Airbnb ROI: 0.8% Traditional ROI: 6.56%
11670 Wabash River Hls Effingham, IL 11670 Wabash River Hls, Effingham, IL 62401 \| Single Family Residential	4 beds \| 3 baths \| 2,843 sq.ft.	$340,000	Airbnb cash on cash: -1.28% Traditional cash on cash: 5.93% Airbnb Rental Income: $1089 Traditional Rental Income: $3023 Airbnb ROI: -1.28% Traditional ROI: 5.93%
Augusta National Dr Effingham, IL Augusta National Dr, Effingham, IL 62401 \| Other	N/A beds \| N/A baths \| N/A	$93,450	Airbnb cash on cash: 6% Traditional cash on cash: 6.34% Airbnb Rental Income: $1344 Traditional Rental Income: $962 Airbnb ROI: 6% Traditional ROI: 6.34%
105 Kagay Ave Effingham, IL 105 Kagay Ave, Effingham, IL 62401 \| Single Family Residential	3 beds \| 1 baths \| 912 sq.ft.	$145,000	Airbnb cash on cash: 4.6% Traditional cash on cash: 7.72% Airbnb Rental Income: $1641 Traditional Rental Income: $1611 Airbnb ROI: 4.6% Traditional ROI: 7.72%
9313 N 1000th Rd Effingham, IL 9313 N 1000th Rd, Effingham, IL 62401 \| Manufactured Home	4 beds \| 2 baths \| 2,052 sq.ft.	$239,900	Airbnb cash on cash: -0.48% Traditional cash on cash: 6.15% Airbnb Rental Income: $1089 Traditional Rental Income: $2220 Airbnb ROI: -0.48% Traditional ROI: 6.15%
801 Cleveland St Effingham, IL 801 Cleveland St, Effingham, IL 62401 \| Single Family Residential	4 beds \| 2 baths \| 2,186 sq.ft.	$279,900	Airbnb cash on cash: -0.86% Traditional cash on cash: 5.72% Airbnb Rental Income: $1089 Traditional Rental Income: $2455 Airbnb ROI: -0.86% Traditional ROI: 5.72%
800 E North Ave Effingham, IL 800 E North Ave, Effingham, IL 62401 \| Single Family Residential	4 beds \| 2 baths \| 1,976 sq.ft.	$249,900	Airbnb cash on cash: -0.59% Traditional cash on cash: 6.39% Airbnb Rental Income: $1089 Traditional Rental Income: $2365 Airbnb ROI: -0.59% Traditional ROI: 6.39%
14342 N 1025th St Effingham, IL 14342 N 1025th St, Effingham, IL 62401 \| Single Family Residential	4 beds \| 3 baths \| 4,143 sq.ft.	$899,900	Airbnb cash on cash: -2.51% Traditional cash on cash: 0.15% Airbnb Rental Income: $1089 Traditional Rental Income: $2945 Airbnb ROI: -2.51% Traditional ROI: 0.15%
15243 N Holden Ave Effingham, IL 15243 N Holden Ave, Effingham, IL 62401 \| Single Family Residential	3 beds \| 2 baths \| 1,836 sq.ft.	$319,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 4% Airbnb Rental Income: $1641 Traditional Rental Income: $2265 Airbnb ROI: 0.38% Traditional ROI: 4%
3020 Sugar Mill Ct Effingham, IL 3020 Sugar Mill Ct, Effingham, IL 62401 \| Single Family Residential	2 beds \| 2 baths \| 1,291 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.31% Airbnb Rental Income: $null Traditional Rental Income: $1770 Airbnb ROI: N/A Traditional ROI: 6.31%
15872 N Bluebird Dr Effingham, IL 15872 N Bluebird Dr, Effingham, IL 62401 \| Single Family Residential	3 beds \| 2 baths \| 1,945 sq.ft.	$489,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 1.49% Airbnb Rental Income: $1641 Traditional Rental Income: $2263 Airbnb ROI: -0.88% Traditional ROI: 1.49%
2321 Lilly St Effingham, IL 2321 Lilly St, Effingham, IL 62401 \| Single Family Residential	3 beds \| 2 baths \| 1,591 sq.ft.	$353,900	Airbnb cash on cash: 0.02% Traditional cash on cash: 3.54% Airbnb Rental Income: $1641 Traditional Rental Income: $2346 Airbnb ROI: 0.02% Traditional ROI: 3.54%
LOT 3 N 1000th Rd Effingham, IL LOT 3 N 1000th Rd, Effingham, IL 62401 \| Other	N/A beds \| N/A baths \| N/A	$199,000	Airbnb cash on cash: 1.21% Traditional cash on cash: 1.14% Airbnb Rental Income: $1344 Traditional Rental Income: $918 Airbnb ROI: 1.21% Traditional ROI: 1.14%

Real Estate investment in Effingham, IL

There are 40 properties for sale in the city of Effingham . The median list price in Effingham is $268,950 and the average price per square foot is $102. In December 2025, the average monthly cash on cash return in Effingham is 5.00%. The average monthly rental income in Effingham is $1,793.

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

There are 40 investment properties available for sale in Effingham.

In 2025, the best neighborhood to buy investment property is Effingham.

The ROI for Long-Term is higher than the Short-Term in Effingham with average rental income of $1,793.

Your search for investment property begins and ends here

Investment Property for Sale in Effingham, IL

104 S Willow St

Effingham, IL

3 beds | 1 baths | 1,995 sq.ft.

$145,999

Airbnb cash on cash: 5.39%

Traditional cash on cash: 9.41%

Airbnb Rental Income: $1641

Traditional Rental Income: $1741

Airbnb ROI: 5.39%

Traditional ROI: 9.41%

14326 E Persimmon Ave

Effingham, IL

3 beds | 2 baths | 2,000 sq.ft.

$278,900

Airbnb cash on cash: 0.89%

Traditional cash on cash: 5.24%

Airbnb Rental Income: $1641

Traditional Rental Income: $2321

Airbnb ROI: 0.89%

Traditional ROI: 5.24%

505 W Evergreen Ave

Effingham, IL

4 beds | 2 baths | 3,635 sq.ft.

$325,000

Airbnb cash on cash: -1.2%

Traditional cash on cash: 4.12%

Airbnb Rental Income: $1089

Traditional Rental Income: $2344

Airbnb ROI: -1.2%

Traditional ROI: 4.12%

907 Ealy St

Effingham, IL

3 beds | 1 baths | 1,896 sq.ft.

$219,500

Airbnb cash on cash: 1.99%

Traditional cash on cash: 4.6%

Airbnb Rental Income: $1641

Traditional Rental Income: $1720

Airbnb ROI: 1.99%

Traditional ROI: 4.6%

1105 Merchant St

Effingham, IL

3 beds | 2 baths | 1,296 sq.ft.

$159,900

Airbnb cash on cash: 3.89%

Traditional cash on cash: 8.68%

Airbnb Rental Income: $1641

Traditional Rental Income: $1910

Airbnb ROI: 3.89%

Traditional ROI: 8.68%

9284 E Court Eleven

Effingham, IL

4 beds | 3 baths | 5,500 sq.ft.

$1,999,900

Airbnb cash on cash: -2.92%

Traditional cash on cash: -1.75%

Airbnb Rental Income: $1089

Traditional Rental Income: $2898

Airbnb ROI: -2.92%

Traditional ROI: -1.75%

406 W Kentucky Ave

Effingham, IL

3 beds | 3 baths | 3,492 sq.ft.

$345,900

Airbnb cash on cash: 0.1%

Traditional cash on cash: 4.91%

Airbnb Rental Income: $1641

Traditional Rental Income: $2741

Airbnb ROI: 0.1%

Traditional ROI: 4.91%

506 Bent Tree Dr

Effingham, IL

3 beds | 2 baths | 3,418 sq.ft.

$349,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: 2.65%

Airbnb Rental Income: $1641

Traditional Rental Income: $2079

Airbnb ROI: -0.02%