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
601 Linden Place 119 Evanston, IL Highly sought after duplex down with loft in New Biscuit Lofts. Fabulous location close to...	1 beds \| 2 baths \| 1,350 sq.ft.	$369,900	Airbnb cash on cash: -1.75% Traditional cash on cash: 2.61% Airbnb Rental Income: $1208 Traditional Rental Income: $2330 Airbnb ROI: -1.75% Traditional ROI: 2.61%
9200 Avers Ave Evanston, IL Property sold as is, estate/probate sale in very desirable "Skevanston" area - Evanston ad...	4 beds \| 3 baths \| 2,200 sq.ft.	$599,900	Airbnb cash on cash: -0.41% Traditional cash on cash: 2.43% Airbnb Rental Income: $2065 Traditional Rental Income: $3175 Airbnb ROI: -0.41% Traditional ROI: 2.43%
1321 Brummel St 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 #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%
1720 Maple Avenue unit: 2710 #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: -7.25% Traditional cash on cash: -5.9% Airbnb Rental Income: $1991 Traditional Rental Income: $3605 Airbnb ROI: -7.25% Traditional ROI: -5.9%
2025 Dodge Avenue Evanston, IL UNAPPROVED SHORT SALE!!!! CASH BUYERS ONLY!!!! All brick 2 flat, with 2 bedroom coach hous...	9 beds \| 5 baths \| N/A	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.89% Airbnb Rental Income: $null Traditional Rental Income: $2119 Airbnb ROI: N/A Traditional ROI: 1.89%
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%
2211 Foster Street Evanston, IL Welcome to 2211 Foster, Backed against a park and riverside bicycle trail, you will find t...	2 beds \| 2 baths \| 1,548 sq.ft.	$370,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 5.2% Airbnb Rental Income: $2207 Traditional Rental Income: $2773 Airbnb ROI: 1.97% Traditional ROI: 5.2%
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%
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%
2321 Lee Street Evanston, IL Nothing for this price in this market. Exceptional Evanston value-add opportunity featurin...	3 beds \| 1 baths \| 1,500 sq.ft.	$428,900	Airbnb cash on cash: 1.08% Traditional cash on cash: 2.31% Airbnb Rental Income: $2077 Traditional Rental Income: $2036 Airbnb ROI: 1.08% Traditional ROI: 2.31%
1585 Ridge Avenue unit: 506 #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%
807 Church Street unit: 503 #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%
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: 0.28% Airbnb Rental Income: $null Traditional Rental Income: $4151 Airbnb ROI: N/A Traditional ROI: 0.28%
1585 Ridge Avenue unit: 404 #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 BEAUTIFUL - GUT REHABBED ALL BRICK 2 FLAT WITH GORGEOUS KITCHENS! LARGE BEDROOMS AND OPEN ...	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%
9433 Lincolnwood Dr Evanston, IL This charming mid-century tri-level in NW Evanston has hardwood floors throughout, lovely,...	2 beds \| 2 baths \| 1,213 sq.ft.	$529,900	Airbnb cash on cash: 0.45% Traditional cash on cash: 1.97% Airbnb Rental Income: $2207 Traditional Rental Income: $2404 Airbnb ROI: 0.45% Traditional ROI: 1.97%
1625 Howard St Apt C3 Evanston, IL 1625 Howard St Apt C3, Evanston, IL 60202 \| Condo/Coop	1 beds \| N/A baths \| 1,000 sq.ft.	$183,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 5.63% Airbnb Rental Income: $1408 Traditional Rental Income: $1635 Airbnb ROI: 1.9% Traditional ROI: 5.63%
1006 Ridge Avenue Evanston, IL In the heart of Evanston's Ridge Historic District, this deceptively spacious jumbo brick ...	5 beds \| 4 baths \| 5,000 sq.ft.	$1,725,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.5% Airbnb Rental Income: $null Traditional Rental Income: $4556 Airbnb ROI: N/A Traditional ROI: 0.5%
2115 Emerson Street Evanston, IL Welcome to this exceptionally spacious 5-bedroom, 2.5-bathroom home in charming Evanston. ...	4 beds \| 3 baths \| 1,440 sq.ft.	$399,900	Airbnb cash on cash: 2.49% Traditional cash on cash: 4.58% Airbnb Rental Income: $2530 Traditional Rental Income: $2703 Airbnb ROI: 2.49% Traditional ROI: 4.58%
205 Custer Ave #2 Evanston, IL 205 Custer Ave #2, Evanston, IL 60202 \| Condo/Coop	1 beds \| 1 baths \| 650 sq.ft.	$164,900	Airbnb cash on cash: -0.63% Traditional cash on cash: 0.46% Airbnb Rental Income: $1408 Traditional Rental Income: $1171 Airbnb ROI: -0.63% Traditional ROI: 0.46%
1860 Sherman Avenue unit: 7Ne #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.	$196,900	Airbnb cash on cash: 5.15% Traditional cash on cash: 5.82% Airbnb Rental Income: $2216 Traditional Rental Income: $1784 Airbnb ROI: 5.15% Traditional ROI: 5.82%
1567 Ridge Avenue unit: 408 #408 Evanston, IL Don't miss this charming two-bedroom, two-bath condo! Bright and freshly painted, it featu...	2 beds \| 2 baths \| 1,200 sq.ft.	$234,000	Airbnb cash on cash: 4.5% Traditional cash on cash: 7.68% Airbnb Rental Income: $2199 Traditional Rental Income: $2347 Airbnb ROI: 4.5% Traditional ROI: 7.68%
156 Asbury Ave #5 Evanston, IL 156 Asbury Ave #5, Evanston, IL 60202 \| Condo/Coop	1 beds \| 1 baths \| N/A	$129,900	Airbnb cash on cash: 2.65% Traditional cash on cash: 2.09% Airbnb Rental Income: $1408 Traditional Rental Income: $914 Airbnb ROI: 2.65% Traditional ROI: 2.09%
9132 Lincolnwood Dr Evanston, IL Fully renovated split-level home in a sought-after Skokie location, served by the Evanston...	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%
2508 Isabella St Evanston, IL 2508 Isabella St, Evanston, IL 60201 \| Single Family Residential	4 beds \| 2 baths \| 1,633 sq.ft.	$489,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.85% Airbnb Rental Income: $null Traditional Rental Income: $1974 Airbnb ROI: N/A Traditional ROI: 0.85%
1408 Brown Avenue Evanston, IL Charming Queen Anne Multi-Family in Prime Location Don't miss this rare opportunity to own...	5 beds \| 4 baths \| N/A	$699,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 2.47% Airbnb Rental Income: $3248 Traditional Rental Income: $3367 Airbnb ROI: 1.17% Traditional ROI: 2.47%
2316 Sherman Avenue unit: 1B #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%
530 Hinman Avenue unit: 2B #2B Evanston, IL Move right into this fabulous 2-bedroom, 2-bath condo in a classic mid-century modern buil...	2 beds \| 2 baths \| 1,533 sq.ft.	$325,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 5.11% Airbnb Rental Income: $1849 Traditional Rental Income: $2451 Airbnb ROI: 1.51% Traditional ROI: 5.11%
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.	$1,300,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 0.37% Airbnb Rental Income: $2530 Traditional Rental Income: $3338 Airbnb ROI: -0.8% Traditional ROI: 0.37%
1567 Ridge Avenue unit: 802 #802 Evanston, IL Prime top-floor penthouse in an elevator building with sweeping views! Freshly painted thr...	2 beds \| 2 baths \| 1,100 sq.ft.	$249,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 6.75% Airbnb Rental Income: $2199 Traditional Rental Income: $2239 Airbnb ROI: 4.22% Traditional ROI: 6.75%
1601 Fowler Avenue Evanston, IL WOW!!! Must see this unique and gorgeous Frame single family home, completely remodeled, f...	3 beds \| 2 baths \| 1,463 sq.ft.	$449,500	Airbnb cash on cash: 1.22% Traditional cash on cash: 7.61% Airbnb Rental Income: $2077 Traditional Rental Income: $4230 Airbnb ROI: 1.22% Traditional ROI: 7.61%
1609 Howard St #2 Evanston, IL 1609 Howard St #2, Evanston, IL 60202 \| Condo/Coop	1 beds \| 1 baths \| N/A	$159,000	Airbnb cash on cash: 0.53% Traditional cash on cash: -0.03% Airbnb Rental Income: $1408 Traditional Rental Income: $899 Airbnb ROI: 0.53% Traditional ROI: -0.03%
933 Maple Avenue Evanston, IL Storybook Charm throughout this historic Victorian Evanston home in the perfect walk-to lo...	3 beds \| 2 baths \| 1,800 sq.ft.	$750,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 1.11% Airbnb Rental Income: $1971 Traditional Rental Income: $2672 Airbnb ROI: -0.63% Traditional ROI: 1.11%

Real Estate investment in Evanston, IL

There are 40 properties for sale in the city of Evanston . The median list price in Evanston is $369,950 and the average price per square foot is $221. In February 2026, the average monthly cash on cash return in Evanston is 2.00%. The average monthly rental income in Evanston is $2,347.

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

There are 40 investment properties available for sale in Evanston.

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

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

601 Linden Place 119

Evanston, IL

1 beds | 2 baths | 1,350 sq.ft.

$369,900

Airbnb cash on cash: -1.75%

Traditional cash on cash: 2.61%

Airbnb Rental Income: $1208

Traditional Rental Income: $2330

Airbnb ROI: -1.75%

Traditional ROI: 2.61%

9200 Avers Ave

Evanston, IL

4 beds | 3 baths | 2,200 sq.ft.

$599,900

Airbnb cash on cash: -0.41%

Traditional cash on cash: 2.43%

Airbnb Rental Income: $2065

Traditional Rental Income: $3175

Airbnb ROI: -0.41%

Traditional ROI: 2.43%

1321 Brummel St

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 #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%

1720 Maple Avenue unit: 2710 #2710

Evanston, IL

3 beds | 4 baths | N/A

$1,699,000

Airbnb cash on cash: -7.25%

Traditional cash on cash: -5.9%

Airbnb Rental Income: $1991

Traditional Rental Income: $3605

Airbnb ROI: -7.25%

Traditional ROI: -5.9%

2025 Dodge Avenue

Evanston, IL

9 beds | 5 baths | N/A

$350,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.89%

Airbnb Rental Income: $null

Traditional Rental Income: $2119

Airbnb ROI: N/A

Traditional ROI: 1.89%

2633 Crawford Avenue

Evanston, IL

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%

2211 Foster Street

Evanston, IL

2 beds | 2 baths | 1,548 sq.ft.

$370,000

Airbnb cash on cash: 1.97%

Traditional cash on cash: 5.2%

Airbnb Rental Income: $2207

Traditional Rental Income: $2773

Airbnb ROI: 1.97%