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
1940 Dodge Avenue Evanston, IL Welcome to this beautifully maintained home in the heart of Evanston, offering the perfect...	4 beds \| 3 baths \| 2,400 sq.ft.	$399,900	Airbnb cash on cash: 3.43% Traditional cash on cash: 8.56% Airbnb Rental Income: $2918 Traditional Rental Income: $4165 Airbnb ROI: 3.43% Traditional ROI: 8.56%
1720 Oak Avenue #706 Evanston, IL One of the Largest one bedroom model. Open Floor plan, Hardwood floors throughout, granite...	1 beds \| 1 baths \| 805 sq.ft.	$259,900	Airbnb cash on cash: -0.57% Traditional cash on cash: 3.89% Airbnb Rental Income: $1718 Traditional Rental Income: $2336 Airbnb ROI: -0.57% Traditional ROI: 3.89%
2033 Sherman Avenue #504 Evanston, IL One block to Northwestern University campus, Three blocks to downtown Evanston, restaurant...	2 beds \| 2 baths \| 1,200 sq.ft.	$299,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 3.56% Airbnb Rental Income: $1652 Traditional Rental Income: $2385 Airbnb ROI: -0.69% Traditional ROI: 3.56%
2730 Central Street #3A Evanston, IL Experience the best of Evanston living in this beautiful 2-bedroom, 2-bath condo. Recently...	2 beds \| 2 baths \| N/A	$279,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 3.56% Airbnb Rental Income: $2443 Traditional Rental Income: $2281 Airbnb ROI: 1.91% Traditional ROI: 3.56%
1720 Maple Avenue #1360 Evanston, IL Welcome to this spacious, move-in ready 886 sq. ft. north facing "Tier 60" condo with swee...	1 beds \| 1 baths \| 886 sq.ft.	$369,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 2.13% Airbnb Rental Income: $1933 Traditional Rental Income: $2285 Airbnb ROI: -0.36% Traditional ROI: 2.13%
1633 Mcdaniel Avenue Evanston, IL Phenomenal opportunity to own a 2-unit with garden unit on an oversized lot in Evanston. V...	8 beds \| N/A baths \| N/A	$720,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 0.94% Airbnb Rental Income: $4142 Traditional Rental Income: $2496 Airbnb ROI: 2.08% Traditional ROI: 0.94%
2018 Sherman Avenue #1E Evanston, IL Experience the perfect blend of modern comfort and prime location in this beautifully reno...	2 beds \| 1 baths \| 910 sq.ft.	$299,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 1.73% Airbnb Rental Income: $1652 Traditional Rental Income: $1748 Airbnb ROI: -0.26% Traditional ROI: 1.73%
1860 Sherman Avenue #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.	$194,900	Airbnb cash on cash: -1.29% Traditional cash on cash: 1.7% Airbnb Rental Income: $2395 Traditional Rental Income: $2361 Airbnb ROI: -1.29% Traditional ROI: 1.7%
530 SHERIDAN Road #2B Evanston, IL LAKE MICHIGAN LUXURY LIVING AT ITS FINEST! Escape to your own private sanctuary just a st...	2 beds \| 1 baths \| N/A	$265,000	Airbnb cash on cash: 2.56% Traditional cash on cash: 3.19% Airbnb Rental Income: $2193 Traditional Rental Income: $1795 Airbnb ROI: 2.56% Traditional ROI: 3.19%
807 Davis Street #1907 Evanston, IL Welcome to 807 Davis Street unit 1907, where modern living meets stunning city and Lake vi...	2 beds \| 2 baths \| 1,278 sq.ft.	$629,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 1.45% Airbnb Rental Income: $2395 Traditional Rental Income: $3369 Airbnb ROI: -1.21% Traditional ROI: 1.45%
2309 Foster Street Evanston, IL Investment opportunity in Evanston! This versatile duplex offers a rare combination of str...	4 beds \| N/A baths \| N/A	$459,999	Airbnb cash on cash: 2.69% Traditional cash on cash: 2.33% Airbnb Rental Income: $2918 Traditional Rental Income: $2088 Airbnb ROI: 2.69% Traditional ROI: 2.33%
2633 Crawford Avenue Evanston, IL Another stunning new construction single family home developed by XYiP Homes. Energy effic...	4 beds \| 4 baths \| N/A	$1,479,000	Airbnb cash on cash: -1.6% Traditional cash on cash: -0.47% Airbnb Rental Income: $3072 Traditional Rental Income: $3923 Airbnb ROI: -1.6% Traditional ROI: -0.47%
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: 0.97% Traditional cash on cash: 1.49% Airbnb Rental Income: $2391 Traditional Rental Income: $1983 Airbnb ROI: 0.97% Traditional ROI: 1.49%
530 Michigan Avenue #3E Evanston, IL Welcome to 530 Michigan Ave, a sun-drenched top-floor 2-bedroom, 1-bath condo nestled in t...	2 beds \| 1 baths \| 900 sq.ft.	$205,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 2.95% Airbnb Rental Income: $2193 Traditional Rental Income: $1843 Airbnb ROI: 1.9% Traditional ROI: 2.95%
2353 Ridge Avenue Evanston, IL Prairie-Style Beauty in Prime NE Evanston Location Step into timeless charm with this bea...	4 beds \| 2 baths \| 1,795 sq.ft.	$650,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 1.25% Airbnb Rental Income: $2233 Traditional Rental Income: $2519 Airbnb ROI: -0.15% Traditional ROI: 1.25%
1025 Wesley Avenue Evanston, IL SHORT SALE OPPORTUNITY. EXPANDED BUNGALOW BUILT IN 1922 AND UPDATED IN 2005. FOUR BEDROOMS...	4 beds \| 3 baths \| 2,500 sq.ft.	$725,000	Airbnb cash on cash: -0.74% Traditional cash on cash: 1.02% Airbnb Rental Income: $2477 Traditional Rental Income: $3067 Airbnb ROI: -0.74% Traditional ROI: 1.02%
2321 Lee Street Evanston, IL Discover your dream home in Evanston! This beautifully updated 3-bedroom, 1-bath residence...	3 beds \| 1 baths \| 1,500 sq.ft.	$479,999	Airbnb cash on cash: 1.24% Traditional cash on cash: 1.96% Airbnb Rental Income: $2285 Traditional Rental Income: $2036 Airbnb ROI: 1.24% Traditional ROI: 1.96%
807 Davis Street #403 Evanston, IL Welcome to this stunning condominium located at 807 Davis St in Evanston, IL. This modern ...	2 beds \| 2 baths \| 1,386 sq.ft.	$495,900	Airbnb cash on cash: -1.47% Traditional cash on cash: 1.21% Airbnb Rental Income: $2395 Traditional Rental Income: $3050 Airbnb ROI: -1.47% Traditional ROI: 1.21%
2109 W Jarvis Ave #1 Evanston, IL 2109 W Jarvis Ave #1, Evanston, IL 60645 \| Condo/Coop	3 beds \| 2 baths \| 1,900 sq.ft.	$399,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 1.05% Airbnb Rental Income: $2087 Traditional Rental Income: $2172 Airbnb ROI: -0.61% Traditional ROI: 1.05%
8822 Central Park Avenue Evanston, IL Welcome to 8822 Central Park, located on a quiet street tucked away from bustling Dempster...	3 beds \| 2 baths \| 2,235 sq.ft.	$625,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 2.5% Airbnb Rental Income: $2285 Traditional Rental Income: $2787 Airbnb ROI: 0.66% Traditional ROI: 2.5%
819 Brummel Street #3S Evanston, IL Seller is willing to pay for a 2-1 buy-down up to 3% of the purchase price. Vintage Charm ...	2 beds \| 1 baths \| 1,100 sq.ft.	$215,000	Airbnb cash on cash: 3.53% Traditional cash on cash: 3.83% Airbnb Rental Income: $2255 Traditional Rental Income: $1751 Airbnb ROI: 3.53% Traditional ROI: 3.83%
1907 Lincoln Street #1B Evanston, IL Charming Vintage Condo in Prime Evanston Location! This spacious 3-bedroom, 2-bath home bl...	3 beds \| 2 baths \| 1,650 sq.ft.	$550,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 0.92% Airbnb Rental Income: $2678 Traditional Rental Income: $2564 Airbnb ROI: -0.09% Traditional ROI: 0.92%
800 Elgin Road #1002 Evanston, IL Experience elevated living in downtown Evanston! Welcome to Optima Horizons, where style...	2 beds \| 2 baths \| 1,075 sq.ft.	$389,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 2.47% Airbnb Rental Income: $2395 Traditional Rental Income: $2836 Airbnb ROI: -0.35% Traditional ROI: 2.47%
2324 Central Street #4C Evanston, IL Located a prime Evanston location, this 2-bedroom, 2-bath condo in a brick elevator buildi...	2 beds \| 2 baths \| 1,500 sq.ft.	$225,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 4.76% Airbnb Rental Income: $2443 Traditional Rental Income: $2403 Airbnb ROI: 2.15% Traditional ROI: 4.76%
721 Hinman Avenue #1W Evanston, IL You can have it all at 721 Hinman! Location, charm, space, community...it can't be beat at...	2 beds \| 1 baths \| 919 sq.ft.	$295,000	Airbnb cash on cash: 1.73% Traditional cash on cash: 2.13% Airbnb Rental Income: $2193 Traditional Rental Income: $1749 Airbnb ROI: 1.73% Traditional ROI: 2.13%
807 Church Street #503 Evanston, IL EVANSTON GALLERIA! Fabulous downtown living in a stunning Art Deco building (originally Ma...	1 beds \| 1 baths \| N/A	$300,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 1.29% Airbnb Rental Income: $1933 Traditional Rental Income: $1612 Airbnb ROI: 0.62% Traditional ROI: 1.29%

Real Estate investment in Evanston, IL

There are 69 properties for sale in the city of Evanston . The median list price in Evanston is $399,000 and the average price per square foot is $239. In September 2025, the average monthly cash on cash return in Evanston is 2.00%. The average monthly rental income in Evanston is $2,500.

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

There are 69 investment properties available for sale in Evanston.

In 2025, the best neighborhood to buy investment property is Main-Chicago.

The ROI for Short-Term is higher than the Long-Term in Evanston with average rental income of $2,285.

Your search for investment property begins and ends here

Investment Property for Sale in Evanston, IL

1940 Dodge Avenue

Evanston, IL

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

$399,900

Airbnb cash on cash: 3.43%

Traditional cash on cash: 8.56%

Airbnb Rental Income: $2918

Traditional Rental Income: $4165

Airbnb ROI: 3.43%

Traditional ROI: 8.56%

1720 Oak Avenue #706

Evanston, IL

1 beds | 1 baths | 805 sq.ft.

$259,900

Airbnb cash on cash: -0.57%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $1718

Traditional Rental Income: $2336

Airbnb ROI: -0.57%

Traditional ROI: 3.89%

2033 Sherman Avenue #504

Evanston, IL

2 beds | 2 baths | 1,200 sq.ft.

$299,000

Airbnb cash on cash: -0.69%

Traditional cash on cash: 3.56%

Airbnb Rental Income: $1652

Traditional Rental Income: $2385

Airbnb ROI: -0.69%

Traditional ROI: 3.56%

2730 Central Street #3A

Evanston, IL

2 beds | 2 baths | N/A

$279,000

Airbnb cash on cash: 1.91%

Traditional cash on cash: 3.56%

Airbnb Rental Income: $2443

Traditional Rental Income: $2281

Airbnb ROI: 1.91%

Traditional ROI: 3.56%

1720 Maple Avenue #1360

Evanston, IL

1 beds | 1 baths | 886 sq.ft.

$369,000

Airbnb cash on cash: -0.36%

Traditional cash on cash: 2.13%

Airbnb Rental Income: $1933

Traditional Rental Income: $2285

Airbnb ROI: -0.36%

Traditional ROI: 2.13%

1633 Mcdaniel Avenue

Evanston, IL

8 beds | N/A baths | N/A

$720,000

Airbnb cash on cash: 2.08%

Traditional cash on cash: 0.94%

Airbnb Rental Income: $4142

Traditional Rental Income: $2496

Airbnb ROI: 2.08%

Traditional ROI: 0.94%

2018 Sherman Avenue #1E

Evanston, IL

2 beds | 1 baths | 910 sq.ft.

$299,000

Airbnb cash on cash: -0.26%

Traditional cash on cash: 1.73%

Airbnb Rental Income: $1652

Traditional Rental Income: $1748

Airbnb ROI: -0.26%

Traditional ROI: 1.73%

1860 Sherman Avenue #7NE

Evanston, IL

2 beds | 1 baths | 1,100 sq.ft.

$194,900

Airbnb cash on cash: -1.29%

Traditional cash on cash: 1.7%

Airbnb Rental Income: $2395

Traditional Rental Income: $2361

Airbnb ROI: -1.29%