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
800 Elgin Road #812 Evanston, IL Spacious, high-floor 2-bed/2bath condo with indoor heated parking included. Ideally locate...	2 beds \| 2 baths \| 1,013 sq.ft.	$365,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 1.91% Airbnb Rental Income: $1867 Traditional Rental Income: $2440 Airbnb ROI: -1.22% Traditional ROI: 1.91%
2106 Darrow Avenue Evanston, IL Impressive NEW construction row house without HOA. Just completed, the offering is the las...	4 beds \| 5 baths \| 3,800 sq.ft.	$1,199,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 2.09% Airbnb Rental Income: $5774 Traditional Rental Income: $3734 Airbnb ROI: 2.88% Traditional ROI: 2.09%
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: 0.44% Traditional cash on cash: 2.4% Airbnb Rental Income: $2143 Traditional Rental Income: $2545 Airbnb ROI: 0.44% 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.	$409,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 1.15% Airbnb Rental Income: $3049 Traditional Rental Income: $2025 Airbnb ROI: 2.01% Traditional ROI: 1.15%
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 #1360 Evanston, IL	1 beds \| 1 baths \| 886 sq.ft.	$355,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 2.25% Airbnb Rental Income: $1655 Traditional Rental Income: $2285 Airbnb ROI: -1.03% 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: -2.23% Traditional cash on cash: -0.76% Airbnb Rental Income: $1655 Traditional Rental Income: $1578 Airbnb ROI: -2.23% Traditional ROI: -0.76%
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.	$374,000	Airbnb cash on cash: -1.26% Traditional cash on cash: 1.14% Airbnb Rental Income: $1655 Traditional Rental Income: $2032 Airbnb ROI: -1.26% Traditional ROI: 1.14%
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%
146 Clyde Ave #2W Evanston, IL Modern, renovated 2-bedroom, 1-bath condominium in a classic 1920s courtyard building with...	2 beds \| 1 baths \| 950 sq.ft.	$230,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 1.9% Airbnb Rental Income: $1935 Traditional Rental Income: $1497 Airbnb ROI: 1.57% Traditional ROI: 1.9%
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: -1.12% Traditional cash on cash: -0.39% Airbnb Rental Income: $2305 Traditional Rental Income: $1983 Airbnb ROI: -1.12% 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%
142 Callan Ave Evanston, IL NO HOA DUES! Discover modern comfort in this beautifully updated 2-story end-unit brick to...	3 beds \| 1 baths \| 1,953 sq.ft.	$399,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 3.29% Airbnb Rental Income: $2358 Traditional Rental Income: $2404 Airbnb ROI: 1.61% Traditional ROI: 3.29%
1585 Ridge Avenue #404 Evanston, IL Spacious 2BR Co-op with Garage Parking in Prime Downtown Evanston Location. Beautifully up...	2 beds \| 1 baths \| 964 sq.ft.	$190,000	Airbnb cash on cash: -1.05% Traditional cash on cash: 2.38% Airbnb Rental Income: $2041 Traditional Rental Income: $2132 Airbnb ROI: -1.05% Traditional ROI: 2.38%
704 Florence Avenue Evanston, IL	8 beds \| 5 baths \| N/A	$849,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.63% Airbnb Rental Income: $null Traditional Rental Income: $2606 Airbnb ROI: N/A Traditional ROI: 0.63%
1028 Ashland Avenue Evanston, IL Spacious and well-maintained home set on an oversized 50 x 170 lot on one of Evanston's mo...	5 beds \| 3 baths \| 2,750 sq.ft.	$725,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.64% Airbnb Rental Income: $null Traditional Rental Income: $2253 Airbnb ROI: N/A Traditional ROI: 0.64%
9132 Lincolnwood Drive Evanston, IL Fully done from A to Z - this completely reimagined split-level is a showpiece of high-end...	3 beds \| 3 baths \| 2,400 sq.ft.	$697,700	Airbnb cash on cash: 1.38% Traditional cash on cash: 2.58% Airbnb Rental Income: $3049 Traditional Rental Income: $3131 Airbnb ROI: 1.38% Traditional ROI: 2.58%
1609 Howard St #2 Evanston, IL 1609 Howard St #2, Evanston, IL 60202 \| Condo/Coop	1 beds \| 1 baths \| N/A	$145,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 0.27% Airbnb Rental Income: $1243 Traditional Rental Income: $899 Airbnb ROI: -0.1% Traditional ROI: 0.27%
8953 Central Park Ave Evanston, IL 8953 Central Park Ave, Evanston, IL 60203 \| Single Family Residential	2 beds \| 1 baths \| 1,406 sq.ft.	$510,000	Airbnb cash on cash: -0.32% Traditional cash on cash: -0.53% Airbnb Rental Income: $2013 Traditional Rental Income: $1392 Airbnb ROI: -0.32% Traditional ROI: -0.53%
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: -0.08% Airbnb Rental Income: $null Traditional Rental Income: $5238 Airbnb ROI: N/A Traditional ROI: -0.08%
1049 Hinman Avenue Evanston, IL Step into the timeless charm of this European-inspired 1904 Evanston home, offering 5 bedr...	5 beds \| 4 baths \| N/A	$1,250,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.81% Airbnb Rental Income: $null Traditional Rental Income: $4166 Airbnb ROI: N/A Traditional ROI: 0.81%
407 Custer Avenue #3S Evanston, IL An Evanston landmark building with amazingly spacious rooms and a flow for entertaining an...	3 beds \| 2 baths \| 1,800 sq.ft.	$349,000	Airbnb cash on cash: 2.62% Traditional cash on cash: 4.98% Airbnb Rental Income: $2358 Traditional Rental Income: $2552 Airbnb ROI: 2.62% Traditional ROI: 4.98%
833 Lincoln Street Evanston, IL Welcome to 833 Lincoln St. A classic brick Craftsman in a wonderful Evanston location with...	5 beds \| 4 baths \| 3,570 sq.ft.	$1,575,000	Airbnb cash on cash: -0.07% Traditional cash on cash: -0.3% Airbnb Rental Income: $5931 Traditional Rental Income: $4420 Airbnb ROI: -0.07% Traditional ROI: -0.3%
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: 2.05% Traditional cash on cash: 4.36% Airbnb Rental Income: $1480 Traditional Rental Income: $1540 Airbnb ROI: 2.05% 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: 3.75% Traditional cash on cash: 4.89% Airbnb Rental Income: $1966 Traditional Rental Income: $1672 Airbnb ROI: 3.75% Traditional ROI: 4.89%
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: 3.9% Traditional cash on cash: 5.49% Airbnb Rental Income: $2041 Traditional Rental Income: $1828 Airbnb ROI: 3.9% 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: 3.72% Traditional cash on cash: 0.67% Airbnb Rental Income: $3668 Traditional Rental Income: $1652 Airbnb ROI: 3.72% Traditional ROI: 0.67%
1585 Ridge Avenue #410 Evanston, IL Sophisticated and spacious two bedrooms, one bath co-op apartment in downtown Evanston! HE...	2 beds \| 1 baths \| 1,100 sq.ft.	$177,000	Airbnb cash on cash: 5.2% Traditional cash on cash: 7.79% Airbnb Rental Income: $2041 Traditional Rental Income: $1949 Airbnb ROI: 5.2% Traditional ROI: 7.79%
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: 4.61% Traditional cash on cash: 3.38% Airbnb Rental Income: $5774 Traditional Rental Income: $3822 Airbnb ROI: 4.61% Traditional ROI: 3.38%
821 Brummel St #3 Evanston, IL Welcome home to this spacious sun-filled 2-bedroom, 1-bathroom condo nestled in a historic...	2 beds \| 1 baths \| N/A	$245,000	Airbnb cash on cash: 0.21% Traditional cash on cash: -0.11% Airbnb Rental Income: $1935 Traditional Rental Income: $1351 Airbnb ROI: 0.21% Traditional ROI: -0.11%

Real Estate investment in Evanston, IL

There are 84 properties for sale in the city of Evanston . The median list price in Evanston is $426,780 and the average price per square foot is $260. In June 2026, the average monthly cash on cash return in Evanston is 2.00%. The average monthly rental income in Evanston is $2,405.

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

There are 84 investment properties available for sale in Evanston.

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

The ROI for Short-Term is higher than the Long-Term in Evanston with average rental income of $2,197.

Your search for investment property begins and ends here

Investment Property for Sale in Evanston, IL

800 Elgin Road #812

Evanston, IL

2 beds | 2 baths | 1,013 sq.ft.

$365,000

Airbnb cash on cash: -1.22%

Traditional cash on cash: 1.91%

Airbnb Rental Income: $1867

Traditional Rental Income: $2440

Airbnb ROI: -1.22%

Traditional ROI: 1.91%

2106 Darrow Avenue

Evanston, IL

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

$1,199,000

Airbnb cash on cash: 2.88%

Traditional cash on cash: 2.09%

Airbnb Rental Income: $5774

Traditional Rental Income: $3734

Airbnb ROI: 2.88%

Traditional ROI: 2.09%

2021 Grant Street

Evanston, IL

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

$519,000

Airbnb cash on cash: 0.44%

Traditional cash on cash: 2.4%

Airbnb Rental Income: $2143

Traditional Rental Income: $2545

Airbnb ROI: 0.44%

Traditional ROI: 2.4%

3363 Church St

Evanston, IL

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

$409,000

Airbnb cash on cash: 2.01%

Traditional cash on cash: 1.15%

Airbnb Rental Income: $3049

Traditional Rental Income: $2025

Airbnb ROI: 2.01%

Traditional ROI: 1.15%

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 #1360

Evanston, IL

1 beds | 1 baths | 886 sq.ft.

$355,000

Airbnb cash on cash: -1.03%

Traditional cash on cash: 2.25%

Airbnb Rental Income: $1655

Traditional Rental Income: $2285

Airbnb ROI: -1.03%

Traditional ROI: 2.25%

807 Church Street #211

Evanston, IL

1 beds | 1 baths | 895 sq.ft.

$279,900

Airbnb cash on cash: -2.23%

Traditional cash on cash: -0.76%

Airbnb Rental Income: $1655

Traditional Rental Income: $1578

Airbnb ROI: -2.23%

Traditional ROI: -0.76%

807 Davis Street #314

Evanston, IL

1 beds | 1 baths | 900 sq.ft.

$374,000

Airbnb cash on cash: -1.26%

Traditional cash on cash: 1.14%

Airbnb Rental Income: $1655

Traditional Rental Income: $2032

Airbnb ROI: -1.26%