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
1720 Maple Avenue #2580 Evanston, IL Beautiful Vistas 280-degree unique view from this 25th-floor condo!!! We are on the upper ...	2 beds \| 2 baths \| 1,100 sq.ft.	$448,000	Airbnb cash on cash: -2.2% Traditional cash on cash: 1.28% Airbnb Rental Income: $1859 Traditional Rental Income: $2823 Airbnb ROI: -2.2% Traditional ROI: 1.28%
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: 0.98% Traditional cash on cash: 3.56% Airbnb Rental Income: $2216 Traditional Rental Income: $2385 Airbnb ROI: 0.98% Traditional ROI: 3.56%
608 Hinman Avenue #4S Evanston, IL Beautiful newer construction building with top floor/ penthouse condo in pristine conditio...	3 beds \| 2 baths \| 1,800 sq.ft.	$449,900	Airbnb cash on cash: -1.06% Traditional cash on cash: 1.75% Airbnb Rental Income: $1971 Traditional Rental Income: $2640 Airbnb ROI: -1.06% Traditional ROI: 1.75%
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 \| 1,200 sq.ft.	$279,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 3.39% Airbnb Rental Income: $2098 Traditional Rental Income: $2281 Airbnb ROI: 0.64% Traditional ROI: 3.39%
1570 ELMWOOD Avenue #1302 Evanston, IL Bright, modern 3-bedroom, 3-bath residence in the highly sought-after ONE Evanston. Perche...	3 beds \| 3 baths \| 2,000 sq.ft.	$1,100,000	Airbnb cash on cash: -2.81% Traditional cash on cash: -1.25% Airbnb Rental Income: $1991 Traditional Rental Income: $3060 Airbnb ROI: -2.81% Traditional ROI: -1.25%
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: -1.62% Traditional cash on cash: 2.13% Airbnb Rental Income: $1412 Traditional Rental Income: $2285 Airbnb ROI: -1.62% Traditional ROI: 2.13%
1633 Mcdaniel Avenue Evanston, IL Phenomenal opportunity to own a two-unit building with a potential garden unit that can be...	8 beds \| 3 baths \| N/A	$585,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.39% Airbnb Rental Income: $null Traditional Rental Income: $2496 Airbnb ROI: N/A Traditional ROI: 1.39%
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.	$186,000	Airbnb cash on cash: -3.73% Traditional cash on cash: 1.93% Airbnb Rental Income: $1859 Traditional Rental Income: $2361 Airbnb ROI: -3.73% Traditional ROI: 1.93%
1720 Maple Avenue #2710 Evanston, IL Panoramic views from EVERY ROOM in this designer home in Evanston's Luxury residences at O...	3 beds \| 4 baths \| N/A	$1,699,000	Airbnb cash on cash: -3.53% Traditional cash on cash: -2.11% Airbnb Rental Income: $1859 Traditional Rental Income: $3605 Airbnb ROI: -3.53% Traditional ROI: -2.11%
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: N/A Traditional cash on cash: -0.47% Airbnb Rental Income: $null Traditional Rental Income: $3923 Airbnb ROI: N/A 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: -1.35% Traditional cash on cash: -0.39% Airbnb Rental Income: $2207 Traditional Rental Income: $1983 Airbnb ROI: -1.35% Traditional ROI: -0.39%
220 Richmond Street Evanston, IL $30,000 PRICE REDUCTION- BEST VALUE IN EVANSTON! USE THAT SAVINGS TO ADD A SECOND BATH OR ...	3 beds \| 1 baths \| N/A	$465,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 2.51% Airbnb Rental Income: $2220 Traditional Rental Income: $2386 Airbnb ROI: 0.84% Traditional ROI: 2.51%
1808 Laurel Avenue Evanston, IL Stylish transformation of this classic brick split-level conveniently located near schools...	3 beds \| 2 baths \| 1,800 sq.ft.	$499,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 3.36% Airbnb Rental Income: $1965 Traditional Rental Income: $2692 Airbnb ROI: 0.7% Traditional ROI: 3.36%
1025 Wesley Avenue Evanston, IL EXPANDED BUNGALOW BUILT IN 1922 AND UPDATED IN 2005. FOUR BEDROOMS ON SECOND LEVEL WITH SP...	5 beds \| 3 baths \| 2,500 sq.ft.	$690,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 1.13% Airbnb Rental Income: $3248 Traditional Rental Income: $3067 Airbnb ROI: 0.27% Traditional ROI: 1.13%
2321 Lee Street Evanston, IL This beautifully updated 3-bedroom, 1-bath Evanston home offers modern comfort and classic...	3 beds \| 1 baths \| 1,500 sq.ft.	$429,900	Airbnb cash on cash: 1.07% Traditional cash on cash: 2.3% Airbnb Rental Income: $2077 Traditional Rental Income: $2036 Airbnb ROI: 1.07% Traditional ROI: 2.3%
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: 0.36% Traditional cash on cash: 2.5% Airbnb Rental Income: $2077 Traditional Rental Income: $2787 Airbnb ROI: 0.36% Traditional ROI: 2.5%
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: -0.92% Traditional cash on cash: 1.29% Airbnb Rental Income: $1412 Traditional Rental Income: $1612 Airbnb ROI: -0.92% Traditional ROI: 1.29%
2108 Harrison Street Evanston, IL A Rare Opportunity in North Evanston - Generationally Owned Sears Home with Coach House N...	3 beds \| 3 baths \| 2,825 sq.ft.	$1,250,000	Airbnb cash on cash: -1.39% Traditional cash on cash: -0.23% Airbnb Rental Income: $2342 Traditional Rental Income: $3110 Airbnb ROI: -1.39% Traditional ROI: -0.23%
811 Chicago Avenue #308 Evanston, IL Huge 1600+ square foot corner unit priced to sell! Gracious floorplan has formal entry, e...	3 beds \| 2 baths \| 1,620 sq.ft.	$454,900	Airbnb cash on cash: -1% Traditional cash on cash: 2.96% Airbnb Rental Income: $1971 Traditional Rental Income: $3143 Airbnb ROI: -1% Traditional ROI: 2.96%
553 Barton Avenue Evanston, IL Desirable 4-bedroom, 2.5-bath townhouse with great bones - waiting for your personal finis...	4 beds \| 3 baths \| 1,843 sq.ft.	$505,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 2.6% Airbnb Rental Income: $2036 Traditional Rental Income: $2712 Airbnb ROI: 0.05% Traditional ROI: 2.6%
616 Michigan Avenue G Evanston, IL	2 beds \| 1 baths \| 1,000 sq.ft.	$299,900	Airbnb cash on cash: 2.28% Traditional cash on cash: 3.44% Airbnb Rental Income: $1849 Traditional Rental Income: $1679 Airbnb ROI: 2.28% Traditional ROI: 3.44%
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.	$1,450,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.11% Airbnb Rental Income: $null Traditional Rental Income: $4151 Airbnb ROI: N/A Traditional ROI: 0.11%
604 Dodge Avenue Evanston, IL Don't Miss This One-Why Pay Rent When You Can Own? Welcome to this charming, sun-filled ra...	3 beds \| 2 baths \| N/A	$489,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 2.56% Airbnb Rental Income: $2220 Traditional Rental Income: $2304 Airbnb ROI: 1.15% Traditional ROI: 2.56%
522 Church Street #3D Evanston, IL Discover a rare opportunity to own a spacious 3-bedroom, 2-bath condo in the heart of Down...	3 beds \| 2 baths \| 2,006 sq.ft.	$699,000	Airbnb cash on cash: -2.59% Traditional cash on cash: 0% Airbnb Rental Income: $1991 Traditional Rental Income: $3153 Airbnb ROI: -2.59% Traditional ROI: 0%
1509 Maple Avenue 3 Evanston, IL Fall in love with this beautiful, updated, three-bedroom, two-bath penthouse condominium i...	3 beds \| 2 baths \| 1,500 sq.ft.	$495,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 2.95% Airbnb Rental Income: $1991 Traditional Rental Income: $2600 Airbnb ROI: 0.51% Traditional ROI: 2.95%
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.	$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%

Real Estate investment in Evanston, IL

There are 64 properties for sale in the city of Evanston . The median list price in Evanston is $452,400 and the average price per square foot is $286. In November 2025, the average monthly cash on cash return in Evanston is 2.00%. The average monthly rental income in Evanston is $2,477.

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

There are 64 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 $1,971.

Your search for investment property begins and ends here

Investment Property for Sale in Evanston, IL

1720 Maple Avenue #2580

Evanston, IL

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

$448,000

Airbnb cash on cash: -2.2%

Traditional cash on cash: 1.28%

Airbnb Rental Income: $1859

Traditional Rental Income: $2823

Airbnb ROI: -2.2%

Traditional ROI: 1.28%

2033 Sherman Avenue #504

Evanston, IL

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

$299,000

Airbnb cash on cash: 0.98%

Traditional cash on cash: 3.56%

Airbnb Rental Income: $2216

Traditional Rental Income: $2385

Airbnb ROI: 0.98%

Traditional ROI: 3.56%

608 Hinman Avenue #4S

Evanston, IL

3 beds | 2 baths | 1,800 sq.ft.

$449,900

Airbnb cash on cash: -1.06%

Traditional cash on cash: 1.75%

Airbnb Rental Income: $1971

Traditional Rental Income: $2640

Airbnb ROI: -1.06%

Traditional ROI: 1.75%

2730 Central Street #3A

Evanston, IL

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

$279,000

Airbnb cash on cash: 0.64%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $2098

Traditional Rental Income: $2281

Airbnb ROI: 0.64%

Traditional ROI: 3.39%

1570 ELMWOOD Avenue #1302

Evanston, IL

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

$1,100,000

Airbnb cash on cash: -2.81%

Traditional cash on cash: -1.25%

Airbnb Rental Income: $1991

Traditional Rental Income: $3060

Airbnb ROI: -2.81%

Traditional ROI: -1.25%

1720 Maple Avenue #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%

1633 Mcdaniel Avenue

Evanston, IL

8 beds | 3 baths | N/A

$585,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.39%

Airbnb Rental Income: $null

Traditional Rental Income: $2496

Airbnb ROI: N/A

Traditional ROI: 1.39%

1860 Sherman Avenue #7NE

Evanston, IL

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

$186,000

Airbnb cash on cash: -3.73%

Traditional cash on cash: 1.93%

Airbnb Rental Income: $1859

Traditional Rental Income: $2361

Airbnb ROI: -3.73%