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
927 Hinman Avenue #1S Evanston, IL Welcome home! This 3 bedroom 2 bath simplex condo has been tastefully updated, while maint...	3 beds \| 2 baths \| 1,550 sq.ft.	$525,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 2.5% Airbnb Rental Income: $2065 Traditional Rental Income: $2802 Airbnb ROI: -0.09% Traditional ROI: 2.5%
2106 Darrow Avenue Evanston, IL NO housing bubble here. No brick & lime 19th century foundation, no low ceiling basement w...	4 beds \| 5 baths \| 3,800 sq.ft.	$1,145,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 2.23% Airbnb Rental Income: $4296 Traditional Rental Income: $3734 Airbnb ROI: 1.91% Traditional ROI: 2.23%
2021 Grant Street Evanston, IL Incredible location with this NW Evanston END-unit, fee-simple 3-bedroom, 1.5-bath rowhome...	3 beds \| 2 baths \| 1,436 sq.ft.	$519,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 2.4% Airbnb Rental Income: $2381 Traditional Rental Income: $2545 Airbnb ROI: 0.85% Traditional ROI: 2.4%
3363 Church St Evanston, IL Investor opportunity! This property is being offered at Public Auction on 08-01-2019. Visi...	3 beds \| 2 baths \| 1,272 sq.ft.	$395,000	Airbnb cash on cash: 1.67% Traditional cash on cash: 1.15% Airbnb Rental Income: $2892 Traditional Rental Income: $2025 Airbnb ROI: 1.67% Traditional ROI: 1.15%
1720 Maple Avenue #1360 Evanston, IL	1 beds \| 1 baths \| 886 sq.ft.	$355,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 2.25% Airbnb Rental Income: $1880 Traditional Rental Income: $2285 Airbnb ROI: -0.47% Traditional ROI: 2.25%
807 Church Street #211 Evanston, IL Awe inspiring one-of-a-kind spacious 1 BR corner unit in the most perfect spot of downtown...	1 beds \| 1 baths \| 895 sq.ft.	$279,900	Airbnb cash on cash: -0.26% Traditional cash on cash: 0.5% Airbnb Rental Income: $1880 Traditional Rental Income: $1578 Airbnb ROI: -0.26% Traditional ROI: 0.5%
807 Davis Street #314 Evanston, IL Welcome to this beautifully maintained one-bedroom, one-bathroom condo in the highly sough...	1 beds \| 1 baths \| 900 sq.ft.	$369,999	Airbnb cash on cash: -0.72% Traditional cash on cash: 1.16% Airbnb Rental Income: $1880 Traditional Rental Income: $2032 Airbnb ROI: -0.72% Traditional ROI: 1.16%
1910 Dewey Avenue Evanston, IL Investor opportunity in Evanston with a long-term tenant already in place. This 5-bedroom,...	5 beds \| 3 baths \| 1,898 sq.ft.	$469,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.98% Airbnb Rental Income: $null Traditional Rental Income: $2979 Airbnb ROI: N/A Traditional ROI: 3.98%
1915 Grant Street Evanston, IL Introducing UrbanEco on Grant! A fabulous new Pocket Neighborhood on Grant Street. 12 New ...	2 beds \| 1 baths \| 604 sq.ft.	$369,000	Airbnb cash on cash: -0.36% Traditional cash on cash: -0.39% Airbnb Rental Income: $2619 Traditional Rental Income: $1983 Airbnb ROI: -0.36% Traditional ROI: -0.39%
1836 Hartrey Avenue Evanston, IL Stunning 5-Bedroom 3-Full Bath Residence \| Prime Evanston Location Discover the blend of m...	5 beds \| 3 baths \| 1,599 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.93% Airbnb Rental Income: $null Traditional Rental Income: $2721 Airbnb ROI: N/A Traditional ROI: 2.93%
9435 Central Park Ave Evanston, IL 9435 Central Park Ave, Evanston, IL 60203 \| Single Family Residential	5 beds \| 4 baths \| 3,538 sq.ft.	$1,225,000	Airbnb cash on cash: -0.73% Traditional cash on cash: -0.22% Airbnb Rental Income: $4073 Traditional Rental Income: $3830 Airbnb ROI: -0.73% Traditional ROI: -0.22%
1609 Howard St #2 Evanston, IL 1609 Howard St #2, Evanston, IL 60202 \| Condo/Coop	1 beds \| 1 baths \| N/A	$144,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 0.3% Airbnb Rental Income: $1331 Traditional Rental Income: $899 Airbnb ROI: 0.45% Traditional ROI: 0.3%
8953 Central Park Ave Evanston, IL 8953 Central Park Ave, Evanston, IL 60203 \| Single Family Residential	2 beds \| 1 baths \| 1,406 sq.ft.	$499,000	Airbnb cash on cash: 0.55% Traditional cash on cash: -0.47% Airbnb Rental Income: $2467 Traditional Rental Income: $1392 Airbnb ROI: 0.55% Traditional ROI: -0.47%
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.	$1,799,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.02% Airbnb Rental Income: $null Traditional Rental Income: $5238 Airbnb ROI: N/A Traditional ROI: -0.02%
601 Linden Place #311 Evanston, IL Wonderful opportunity to own great loft apartment in solid secured brick building!!! Top 3...	1 beds \| 1 baths \| 700 sq.ft.	$227,240	Airbnb cash on cash: 2.59% Traditional cash on cash: 4.36% Airbnb Rental Income: $1619 Traditional Rental Income: $1540 Airbnb ROI: 2.59% Traditional ROI: 4.36%
524 Michigan Ave Evanston, IL Bright and inviting top-floor corner 2-bedroom, 1 bath condo featuring a fireplace and ext...	2 beds \| 1 baths \| 950 sq.ft.	$205,000	Airbnb cash on cash: 5.25% Traditional cash on cash: 4.89% Airbnb Rental Income: $2317 Traditional Rental Income: $1672 Airbnb ROI: 5.25% Traditional ROI: 4.89%
2144 Dewey Avenue Evanston, IL	4 beds \| 1 baths \| 1,008 sq.ft.	$350,000	Airbnb cash on cash: 7.94% Traditional cash on cash: 2.71% Airbnb Rental Income: $4380 Traditional Rental Income: $1741 Airbnb ROI: 7.94% Traditional ROI: 2.71%
1585 Ridge Avenue #705 Evanston, IL Beautifully renovated two-bedroom, one-bath co-op residence in the heart of downtown Evans...	2 beds \| 1 baths \| 1,000 sq.ft.	$210,000	Airbnb cash on cash: 5.73% Traditional cash on cash: 5.49% Airbnb Rental Income: $2478 Traditional Rental Income: $1828 Airbnb ROI: 5.73% Traditional ROI: 5.49%
221 Dodge Ave #D Evanston, IL 221 Dodge Ave #d, Evanston, IL 60202 \| Townhouse	4 beds \| 1 baths \| 1,400 sq.ft.	$424,900	Airbnb cash on cash: 3.81% Traditional cash on cash: 0.67% Airbnb Rental Income: $3708 Traditional Rental Income: $1652 Airbnb ROI: 3.81% Traditional ROI: 0.67%
1915 Dewey Avenue Evanston, IL Completely updated and move in ready brick home close to downtown Evanston. 2 Primary Suit...	4 beds \| 4 baths \| 3,700 sq.ft.	$699,000	Airbnb cash on cash: 2.71% Traditional cash on cash: 3.38% Airbnb Rental Income: $4284 Traditional Rental Income: $3822 Airbnb ROI: 2.71% Traditional ROI: 3.38%
911 Maple Avenue #2N Evanston, IL Beautiful 2 bed / 2 bath condo in the heart of Evanston, offering generous space, modern f...	2 beds \| 2 baths \| 1,450 sq.ft.	$355,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 3.72% Airbnb Rental Income: $2317 Traditional Rental Income: $2289 Airbnb ROI: 2.08% Traditional ROI: 3.72%
1504 Pitner Avenue Evanston, IL This classic brick two-flat is situated on an extra-wide, extra-deep lot along a beautiful...	4 beds \| 2 baths \| N/A	$515,000	Airbnb cash on cash: 3.13% Traditional cash on cash: 3.08% Airbnb Rental Income: $3670 Traditional Rental Income: $2844 Airbnb ROI: 3.13% Traditional ROI: 3.08%
200 Ridge Ave #1K Evanston, IL * Multiple offers - H&B due by 10am on 6/10/26 * 1 bedroom and 1 bathroom second floor con...	1 beds \| 1 baths \| 841 sq.ft.	$129,900	Airbnb cash on cash: 0.46% Traditional cash on cash: 5.58% Airbnb Rental Income: $1331 Traditional Rental Income: $1560 Airbnb ROI: 0.46% Traditional ROI: 5.58%
733 Dobson St #2S Evanston, IL Nestled in the charming city of Evanston, right beside Brummel Park, this inviting 2-bedro...	2 beds \| 1 baths \| 1,050 sq.ft.	$189,900	Airbnb cash on cash: 3.55% Traditional cash on cash: 4.6% Airbnb Rental Income: $2231 Traditional Rental Income: $1859 Airbnb ROI: 3.55% Traditional ROI: 4.6%
807 Davis Street #505 Evanston, IL Whether you're searching for your perfect new home or looking to make a smart real estate ...	1 beds \| 1 baths \| 896 sq.ft.	$349,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 3.16% Airbnb Rental Income: $1880 Traditional Rental Income: $2091 Airbnb ROI: 0.99% Traditional ROI: 3.16%
1604 Dobson St Evanston, IL 1604 Dobson St, Evanston, IL 60202 \| Single Family Residential	3 beds \| 2 baths \| 1,329 sq.ft.	$429,999	Airbnb cash on cash: 1.68% Traditional cash on cash: 1.47% Airbnb Rental Income: $2717 Traditional Rental Income: $1991 Airbnb ROI: 1.68% Traditional ROI: 1.47%

Real Estate investment in Evanston, IL

There are 86 properties for sale in the city of Evanston . The median list price in Evanston is $426,745 and the average price per square foot is $261. In August 2026, the average monthly cash on cash return in Evanston is 2.00%. The average monthly rental income in Evanston is $2,398.

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

There are 86 investment properties available for sale in Evanston.

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

The ROI for Long-Term is higher than the Short-Term in Evanston with average rental income of $2,398.

Your search for investment property begins and ends here

Investment Property for Sale in Evanston, IL

927 Hinman Avenue #1S

Evanston, IL

3 beds | 2 baths | 1,550 sq.ft.

$525,000

Airbnb cash on cash: -0.09%

Traditional cash on cash: 2.5%

Airbnb Rental Income: $2065

Traditional Rental Income: $2802

Airbnb ROI: -0.09%

Traditional ROI: 2.5%

2106 Darrow Avenue

Evanston, IL

4 beds | 5 baths | 3,800 sq.ft.

$1,145,000

Airbnb cash on cash: 1.91%

Traditional cash on cash: 2.23%

Airbnb Rental Income: $4296

Traditional Rental Income: $3734

Airbnb ROI: 1.91%

Traditional ROI: 2.23%

2021 Grant Street

Evanston, IL

3 beds | 2 baths | 1,436 sq.ft.

$519,000

Airbnb cash on cash: 0.85%

Traditional cash on cash: 2.4%

Airbnb Rental Income: $2381

Traditional Rental Income: $2545

Airbnb ROI: 0.85%

Traditional ROI: 2.4%

3363 Church St

Evanston, IL

3 beds | 2 baths | 1,272 sq.ft.

$395,000

Airbnb cash on cash: 1.67%

Traditional cash on cash: 1.15%

Airbnb Rental Income: $2892

Traditional Rental Income: $2025

Airbnb ROI: 1.67%

Traditional ROI: 1.15%

1720 Maple Avenue #1360

Evanston, IL

1 beds | 1 baths | 886 sq.ft.

$355,000

Airbnb cash on cash: -0.47%

Traditional cash on cash: 2.25%

Airbnb Rental Income: $1880

Traditional Rental Income: $2285

Airbnb ROI: -0.47%

Traditional ROI: 2.25%

807 Church Street #211

Evanston, IL

1 beds | 1 baths | 895 sq.ft.

$279,900

Airbnb cash on cash: -0.26%

Traditional cash on cash: 0.5%

Airbnb Rental Income: $1880

Traditional Rental Income: $1578

Airbnb ROI: -0.26%

Traditional ROI: 0.5%

807 Davis Street #314

Evanston, IL

1 beds | 1 baths | 900 sq.ft.

$369,999

Airbnb cash on cash: -0.72%

Traditional cash on cash: 1.16%

Airbnb Rental Income: $1880

Traditional Rental Income: $2032

Airbnb ROI: -0.72%

Traditional ROI: 1.16%

1910 Dewey Avenue

Evanston, IL

5 beds | 3 baths | 1,898 sq.ft.

$469,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.98%

Airbnb Rental Income: $null

Traditional Rental Income: $2979

Airbnb ROI: N/A