Real Estate Investment Properties for Sale in Evanston, IL

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

Explore a variety of short-term homes & houses in Evanston, IL. Invest wisely with VRBO & Evanston, 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 Evanston, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1123 Main Street Evanston, IL Charming farmhouse with original architectural details and tasteful updates. Original deco...	4 beds \| 2 baths \| 2,936 sq.ft.	$750,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 1.04% Airbnb Rental Income: $2442 Traditional Rental Income: $3013 Airbnb ROI: -0.63% Traditional ROI: 1.04%
1120 Pitner Avenue Evanston, IL This newer construction duplex blends modern design with exceptional space in the heart of...	4 beds \| 3 baths \| 2,400 sq.ft.	$740,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 1.75% Airbnb Rental Income: $2065 Traditional Rental Income: $3436 Airbnb ROI: -1.01% Traditional ROI: 1.75%
2774 Crawford Avenue Evanston, IL This beautifully maintained tri-level townhome offers exceptional walkability to everythin...	3 beds \| 2 baths \| N/A	$360,000	Airbnb cash on cash: 2.36% Traditional cash on cash: 8.83% Airbnb Rental Income: $2342 Traditional Rental Income: $3948 Airbnb ROI: 2.36% Traditional ROI: 8.83%
1321 Brummel Street Evanston, IL Spacious and sun-filled brick two-flat offering flexible living options and modern comfort...	6 beds \| 3 baths \| N/A	$685,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.7% Airbnb Rental Income: $null Traditional Rental Income: $3402 Airbnb ROI: N/A Traditional ROI: 2.7%
1720 Maple Avenue unit: 1360 Evanston, IL	1 beds \| 1 baths \| 886 sq.ft.	$369,000	Airbnb cash on cash: -1.62% Traditional cash on cash: 2.13% Airbnb Rental Income: $1412 Traditional Rental Income: $2285 Airbnb ROI: -1.62% Traditional ROI: 2.13%
1915 Grant Street Evanston, IL Introducing UrbanEco on Grant! A fabulous new Pocket Neighborhood on Grant Street. 12 New ...	2 beds \| 1 baths \| 600 sq.ft.	$369,000	Airbnb cash on cash: -1.35% Traditional cash on cash: -0.39% Airbnb Rental Income: $2207 Traditional Rental Income: $1983 Airbnb ROI: -1.35% Traditional ROI: -0.39%
3609 Central Street Evanston, IL Modern sophistication meets mid-century charm. Step into a masterfully reimagined 3-bed, 2...	3 beds \| 2 baths \| 1,530 sq.ft.	$735,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 1.58% Airbnb Rental Income: $2342 Traditional Rental Income: $2632 Airbnb ROI: 0.31% Traditional ROI: 1.58%
1025 Wesley Avenue Evanston, IL SHORT SALE OPPORTUNITY! EXPANDED BUNGALOW BUILT IN 1922 AND UPDATED IN 2005. FOUR BEDROOMS...	5 beds \| 3 baths \| 2,500 sq.ft.	$625,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 1.34% Airbnb Rental Income: $3248 Traditional Rental Income: $3067 Airbnb ROI: 0.4% Traditional ROI: 1.34%
1585 Ridge Avenue unit: 506 Evanston, IL Lovely 1 bedroom co-operative in downtown Evanston. This move-in condition unit features h...	1 beds \| 1 baths \| 758 sq.ft.	$145,000	Airbnb cash on cash: -2.69% Traditional cash on cash: 4.18% Airbnb Rental Income: $1211 Traditional Rental Income: $1774 Airbnb ROI: -2.69% Traditional ROI: 4.18%
2236 Ridge Avenue Evanston, IL Gracious 5-bedroom Victorian in Northeast Evanston! Welcome to 2236 Ridge Avenue-a stately...	5 beds \| 4 baths \| 3,898 sq.ft.	$1,449,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.28% Airbnb Rental Income: $null Traditional Rental Income: $4151 Airbnb ROI: N/A Traditional ROI: 0.28%
1585 Ridge Avenue unit: 404 Evanston, IL Spacious 2BR Co-op with Garage Parking in Prime Downtown Evanston Location. Beautifully up...	2 beds \| 1 baths \| 964 sq.ft.	$200,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 2.11% Airbnb Rental Income: $2199 Traditional Rental Income: $2132 Airbnb ROI: -0.47% Traditional ROI: 2.11%
704 Florence Avenue Evanston, IL	8 beds \| 5 baths \| N/A	$899,900	Airbnb cash on cash: 0.43% Traditional cash on cash: 0.53% Airbnb Rental Income: $3248 Traditional Rental Income: $2606 Airbnb ROI: 0.43% Traditional ROI: 0.53%
1213 Darrow Avenue Evanston, IL Discover an incredible investment opportunity with this well-maintained two-unit property ...	4 beds \| 2 baths \| N/A	$449,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 2.63% Airbnb Rental Income: $2530 Traditional Rental Income: $2396 Airbnb ROI: 1.49% Traditional ROI: 2.63%
439 Ridge Avenue unit: 2 Evanston, IL Charming 1 bedroom Vintage Condo in Historic Oakton Gables. Welcome to this spacious condo...	1 beds \| 1 baths \| 1,000 sq.ft.	$169,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 6.44% Airbnb Rental Income: $1408 Traditional Rental Income: $1606 Airbnb ROI: 2.58% Traditional ROI: 6.44%
1860 Sherman Avenue unit: 7Ne Evanston, IL Welcome to 1860 Sherman Avenue, Unit 7NE, Evanston, IL-a refined 2-bedroom, 1-bathroom co-...	2 beds \| 1 baths \| 1,100 sq.ft.	$186,900	Airbnb cash on cash: 5.58% Traditional cash on cash: 6.29% Airbnb Rental Income: $2216 Traditional Rental Income: $1784 Airbnb ROI: 5.58% Traditional ROI: 6.29%
9132 Lincolnwood Drive Evanston, IL	3 beds \| 3 baths \| 2,400 sq.ft.	$747,700	Airbnb cash on cash: 0.06% Traditional cash on cash: 2.34% Airbnb Rental Income: $2077 Traditional Rental Income: $3131 Airbnb ROI: 0.06% Traditional ROI: 2.34%
2316 Sherman Avenue unit: 1B Evanston, IL FABULOUS MOVE IN READY, LIGHT FILLED CONDO IN PRIME EVANSTON LOCATION! Spacious OPEN DESIG...	2 beds \| 1 baths \| 900 sq.ft.	$280,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 3.11% Airbnb Rental Income: $2216 Traditional Rental Income: $1637 Airbnb ROI: 3.19% Traditional ROI: 3.11%
1003 Wesley Avenue Evanston, IL Come check out this one of a kind farmhouse gem, sitting on a picturesque, tree-lined stre...	4 beds \| 4 baths \| 2,447 sq.ft.	$1,095,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 0.63% Airbnb Rental Income: $2530 Traditional Rental Income: $3338 Airbnb ROI: -0.77% Traditional ROI: 0.63%
1585 Ridge Avenue unit: 301 Evanston, IL Sophisticated and spacious two bedrooms, one bath co-op apartment in downtown Evanston wit...	2 beds \| 1 baths \| 1,000 sq.ft.	$185,000	Airbnb cash on cash: 5.59% Traditional cash on cash: 6.75% Airbnb Rental Income: $2199 Traditional Rental Income: $1848 Airbnb ROI: 5.59% Traditional ROI: 6.75%
9532 Springfield Avenue Evanston, IL Wonderful brick split-level sits on an oversized lot along a tranquil, tree-lined street i...	3 beds \| 2 baths \| 2,299 sq.ft.	$659,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 3.31% Airbnb Rental Income: $2342 Traditional Rental Income: $3948 Airbnb ROI: -0.25% Traditional ROI: 3.31%
149 Callan Avenue unit: 3E Evanston, IL BEAUTIFULLY PARTIALLY UPGRADED TOP-FLOOR 2-BEDROOM, 1-BATHROOM UNIT IN THE HEART OF EVANST...	2 beds \| 1 baths \| 900 sq.ft.	$194,998	Airbnb cash on cash: 1.78% Traditional cash on cash: 4.26% Airbnb Rental Income: $1605 Traditional Rental Income: $1609 Airbnb ROI: 1.78% Traditional ROI: 4.26%
1813 Lincoln Street Evanston, IL Excellent location in Evanston-- walkable to great small store shopping, restaurants, coff...	3 beds \| 2 baths \| 1,700 sq.ft.	$599,900	Airbnb cash on cash: 0.65% Traditional cash on cash: 1.73% Airbnb Rental Income: $2549 Traditional Rental Income: $2539 Airbnb ROI: 0.65% Traditional ROI: 1.73%
1735 Asbury Avenue Evanston, IL A truly special offering, this stunning 5 bedroom Victorian Home blends timeless architect...	5 beds \| 5 baths \| 5,295 sq.ft.	$1,925,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.22% Airbnb Rental Income: $null Traditional Rental Income: $7561 Airbnb ROI: N/A Traditional ROI: 1.22%
2716 Ewing Avenue Evanston, IL Attention builders, developers, investors, and custom home buyers! This lot is ideal for g...	3 beds \| 1 baths \| 900 sq.ft.	$475,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 5.64% Airbnb Rental Income: $2342 Traditional Rental Income: $3948 Airbnb ROI: 0.72% Traditional ROI: 5.64%
480 Sheridan Road unit: 3 Evanston, IL Stunningly preserved Georgian Revival 2-bedroom, 2-bathroom condo in Southeast Evanston-ju...	2 beds \| 2 baths \| 1,500 sq.ft.	$549,500	Airbnb cash on cash: 0.07% Traditional cash on cash: 2.28% Airbnb Rental Income: $1849 Traditional Rental Income: $2485 Airbnb ROI: 0.07% Traditional ROI: 2.28%

Real Estate investment in Evanston, IL

There are 77 properties for sale in the city of Evanston . The median list price in Evanston is $475,000 and the average price per square foot is $260. In March 2026, the average monthly cash on cash return in Evanston is 2.00%. The average monthly rental income in Evanston is $2,557.

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

There are 77 investment properties available for sale in Evanston.

In 2026, the best neighborhood to buy investment property is Noyes and Foster.

The ROI for Short-Term is higher than the Long-Term in Evanston with average rental income of $2,065.

Your search for investment property begins and ends here

Investment Property for Sale in Evanston, IL

1123 Main Street

Evanston, IL

4 beds | 2 baths | 2,936 sq.ft.

$750,000

Airbnb cash on cash: -0.63%

Traditional cash on cash: 1.04%

Airbnb Rental Income: $2442

Traditional Rental Income: $3013

Airbnb ROI: -0.63%

Traditional ROI: 1.04%

1120 Pitner Avenue

Evanston, IL

4 beds | 3 baths | 2,400 sq.ft.

$740,000

Airbnb cash on cash: -1.01%

Traditional cash on cash: 1.75%

Airbnb Rental Income: $2065

Traditional Rental Income: $3436

Airbnb ROI: -1.01%

Traditional ROI: 1.75%

2774 Crawford Avenue

Evanston, IL

3 beds | 2 baths | N/A

$360,000

Airbnb cash on cash: 2.36%

Traditional cash on cash: 8.83%

Airbnb Rental Income: $2342

Traditional Rental Income: $3948

Airbnb ROI: 2.36%

Traditional ROI: 8.83%

1321 Brummel Street

Evanston, IL

6 beds | 3 baths | N/A

$685,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.7%

Airbnb Rental Income: $null

Traditional Rental Income: $3402

Airbnb ROI: N/A

Traditional ROI: 2.7%

1720 Maple Avenue unit: 1360

Evanston, IL

1 beds | 1 baths | 886 sq.ft.

$369,000

Airbnb cash on cash: -1.62%

Traditional cash on cash: 2.13%

Airbnb Rental Income: $1412

Traditional Rental Income: $2285

Airbnb ROI: -1.62%

Traditional ROI: 2.13%

1915 Grant Street

Evanston, IL

2 beds | 1 baths | 600 sq.ft.

$369,000

Airbnb cash on cash: -1.35%

Traditional cash on cash: -0.39%

Airbnb Rental Income: $2207

Traditional Rental Income: $1983

Airbnb ROI: -1.35%

Traditional ROI: -0.39%

3609 Central Street

Evanston, IL

3 beds | 2 baths | 1,530 sq.ft.

$735,000

Airbnb cash on cash: 0.31%

Traditional cash on cash: 1.58%

Airbnb Rental Income: $2342

Traditional Rental Income: $2632

Airbnb ROI: 0.31%

Traditional ROI: 1.58%

1025 Wesley Avenue

Evanston, IL

5 beds | 3 baths | 2,500 sq.ft.

$625,000

Airbnb cash on cash: 0.4%

Traditional cash on cash: 1.34%

Airbnb Rental Income: $3248

Traditional Rental Income: $3067

Airbnb ROI: 0.4%