Real Estate Investment Properties for Sale in Grayslake, IL

Looking for investment property in Grayslake, IL with high ROI ?

Explore a variety of short-term homes & houses in Grayslake, IL. Invest wisely with VRBO & Grayslake, 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 Grayslake, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
548 Silverton Dr GRAYSLAKE, IL Welcome home to this exceptionally bright and beautiful townhouse located in the highly so...	3 beds \| 2 baths \| 1,765 sq.ft.	$336,000	Airbnb cash on cash: -2.23% Traditional cash on cash: 2.65% Airbnb Rental Income: $1363 Traditional Rental Income: $2486 Airbnb ROI: -2.23% Traditional ROI: 2.65%
860 Blazing Star Rd GRAYSLAKE, IL Front-porch classic w/ lake & prairie views to the front and a park in the back! LOCATION!...	5 beds \| 3 baths \| 3,853 sq.ft.	$749,999	Airbnb cash on cash: 0.02% Traditional cash on cash: 0.81% Airbnb Rental Income: $2898 Traditional Rental Income: $2781 Airbnb ROI: 0.02% Traditional ROI: 0.81%
300 Lionel Dr GRAYSLAKE, IL Why rent when you can buy BRAND NEW at Lake Street Square Urban Townhomes in Grayslake! Th...	3 beds \| 2 baths \| 1,894 sq.ft.	$339,900	Airbnb cash on cash: -1.67% Traditional cash on cash: 3.35% Airbnb Rental Income: $1363 Traditional Rental Income: $2547 Airbnb ROI: -1.67% Traditional ROI: 3.35%
586 N Garfield Blvd GRAYSLAKE, IL Grayslake BEAUTY! Charming 3 bedroom, 2 full bathroom, split level home painted in today's...	3 beds \| 2 baths \| 1,704 sq.ft.	$389,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 3.01% Airbnb Rental Income: $1363 Traditional Rental Income: $2306 Airbnb ROI: -0.71% Traditional ROI: 3.01%
896 Cherry Creek Dr GRAYSLAKE, IL Call 896 Cherry Creek Home! This fabulous end unit has tons of natural light streaming thr...	3 beds \| 2 baths \| 1,628 sq.ft.	$279,000	Airbnb cash on cash: -1.45% Traditional cash on cash: 2.99% Airbnb Rental Income: $1363 Traditional Rental Income: $2114 Airbnb ROI: -1.45% Traditional ROI: 2.99%
214 Lionel Dr GRAYSLAKE, IL Welcome to 214 Lionel Drive in Grayslake - a beautifully maintained newer construction tow...	3 beds \| 2 baths \| 1,894 sq.ft.	$335,000	Airbnb cash on cash: -2.53% Traditional cash on cash: 3.36% Airbnb Rental Income: $1363 Traditional Rental Income: $2800 Airbnb ROI: -2.53% Traditional ROI: 3.36%
17515 W Winnebago Dr GRAYSLAKE, IL Absolutely gorgeous home located in the desirable Woodland Meadows Subdivision. Impressive...	5 beds \| 2 baths \| 2,220 sq.ft.	$499,900	Airbnb cash on cash: 1.38% Traditional cash on cash: 1.7% Airbnb Rental Income: $2898 Traditional Rental Income: $2376 Airbnb ROI: 1.38% Traditional ROI: 1.7%
335 Belmont Ct GRAYSLAKE, IL Welcome home to this beautifully maintained 3-bedroom, 2-bath ranch nestled on a quiet cul...	3 beds \| 2 baths \| 1,834 sq.ft.	$199,999	Airbnb cash on cash: -2.81% Traditional cash on cash: 5.47% Airbnb Rental Income: $1363 Traditional Rental Income: $2519 Airbnb ROI: -2.81% Traditional ROI: 5.47%
1117 Hedgerow Dr GRAYSLAKE, IL Coveted four square model available in unparalelled Prairie Crossing subdivision. Turn key...	4 beds \| 2 baths \| 3,254 sq.ft.	$699,999	Airbnb cash on cash: -1.21% Traditional cash on cash: 0.63% Airbnb Rental Income: $1918 Traditional Rental Income: $2611 Airbnb ROI: -1.21% Traditional ROI: 0.63%
423 Lawrence Ave GRAYSLAKE, IL This CHARMING 3 bedroom home in the heart of Grayslake is a GREAT OPPORTUNITY! The Graysla...	3 beds \| 1 baths \| 1,296 sq.ft.	$290,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 5.1% Airbnb Rental Income: $1363 Traditional Rental Income: $1996 Airbnb ROI: 1.26% Traditional ROI: 5.1%
1631 Station Park Dr GRAYSLAKE, IL Immaculate, turnkey, and move-in ready - this stunning townhome checks every box. Soaring ...	3 beds \| 2 baths \| 1,638 sq.ft.	$320,000	Airbnb cash on cash: -1.75% Traditional cash on cash: 3.55% Airbnb Rental Income: $1363 Traditional Rental Income: $2544 Airbnb ROI: -1.75% Traditional ROI: 3.55%
537 Pheasant Ct GRAYSLAKE, IL 2 bed, 2-story townhome in Quail Creek with a FULL UNFINISHED BASEMENT and a 1-car DETATCH...	2 beds \| 1 baths \| 1,037 sq.ft.	$183,500	Airbnb cash on cash: 0.68% Traditional cash on cash: 4.83% Airbnb Rental Income: $1745 Traditional Rental Income: $1989 Airbnb ROI: 0.68% Traditional ROI: 4.83%
582 Cannonball Dr #582 GRAYSLAKE, IL Fantastic 2 year new Townhome in Lake Street Square shows like a model! This Chatham model...	3 beds \| 2 baths \| 1,894 sq.ft.	$330,000	Airbnb cash on cash: -2.21% Traditional cash on cash: 4.12% Airbnb Rental Income: $1363 Traditional Rental Income: $2910 Airbnb ROI: -2.21% Traditional ROI: 4.12%
847 Essex Cir GRAYSLAKE, IL Recent Updates Include: New paint, carpeting, dishwasher, and garbage disposal (2026);...	2 beds \| 2 baths \| 1,424 sq.ft.	$285,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 3.37% Airbnb Rental Income: $1745 Traditional Rental Income: $2283 Airbnb ROI: -0.42% Traditional ROI: 3.37%
17379 W Hickory Ln GRAYSLAKE, IL Beautiful 3 bed 2 bath home nestled in the Woodland Meadows subdivision. The front door o...	3 beds \| 2 baths \| 1,474 sq.ft.	$385,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 3.26% Airbnb Rental Income: $1363 Traditional Rental Income: $2257 Airbnb ROI: -0.37% Traditional ROI: 3.26%
3206 Whirlaway Ct GRAYSLAKE, IL Wonderful Prairie II model in Saddlebrook Farms with many extras. Newer roof. Heated 2.5...	2 beds \| 2 baths \| 1,912 sq.ft.	$255,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 4.21% Airbnb Rental Income: $1745 Traditional Rental Income: $2413 Airbnb ROI: -0.55% Traditional ROI: 4.21%
17976 W Big Oaks Rd GRAYSLAKE, IL	4 beds \| 2 baths \| 1,757 sq.ft.	$364,900	Airbnb cash on cash: 0.19% Traditional cash on cash: 4.55% Airbnb Rental Income: $1918 Traditional Rental Income: $2905 Airbnb ROI: 0.19% Traditional ROI: 4.55%
3221 Harness Ln GRAYSLAKE, IL Beautifully finished with architectural enhancements, this 3-bedroom 2 bath Ranch home is ...	3 beds \| 2 baths \| 1,856 sq.ft.	$235,000	Airbnb cash on cash: -2.71% Traditional cash on cash: 3.73% Airbnb Rental Income: $1363 Traditional Rental Income: $2378 Airbnb ROI: -2.71% Traditional ROI: 3.73%
3407 Stretch Run Rd GRAYSLAKE, IL BRAND NEW FURNACE and one year old roof!! PRISTINE condition! Open floor plan in this desi...	2 beds \| 2 baths \| 1,664 sq.ft.	$229,900	Airbnb cash on cash: -1.22% Traditional cash on cash: 2.96% Airbnb Rental Income: $1745 Traditional Rental Income: $2175 Airbnb ROI: -1.22% Traditional ROI: 2.96%
537 Lincoln Ave GRAYSLAKE, IL Great opportunity to own a 1/2 duplex WITH a BASEMENT and no HOA fee in Grayslake! Fresh p...	3 beds \| 2 baths \| 1,078 sq.ft.	$299,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 3.59% Airbnb Rental Income: $1363 Traditional Rental Income: $2018 Airbnb ROI: -0.21% Traditional ROI: 3.59%
400 Cross Arm Dr GRAYSLAKE, IL Well maintained, 4 bedroom home boasts pride of ownership in the heart of Grayslake! Only...	4 beds \| 3 baths \| 2,182 sq.ft.	$500,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 3.97% Airbnb Rental Income: $1918 Traditional Rental Income: $3355 Airbnb ROI: -0.19% Traditional ROI: 3.97%
1810 Blue Ribbon Ln GRAYSLAKE, IL Get ready for a lifestyle upgrade - because this isn't just your new home in Saddlebrook F...	2 beds \| 2 baths \| 1,527 sq.ft.	$274,900	Airbnb cash on cash: -0.46% Traditional cash on cash: 3.83% Airbnb Rental Income: $1745 Traditional Rental Income: $2377 Airbnb ROI: -0.46% Traditional ROI: 3.83%
33670 N Lake Shore Dr GRAYSLAKE, IL Exceptional Gages Lake Waterfront Opportunity! Enjoy breathtaking panoramic lake views and...	4 beds \| 2 baths \| 2,188 sq.ft.	$529,900	Airbnb cash on cash: -0.32% Traditional cash on cash: 2.87% Airbnb Rental Income: $1918 Traditional Rental Income: $2989 Airbnb ROI: -0.32% Traditional ROI: 2.87%
2814 Phillip Dr GRAYSLAKE, IL Enjoy the summer breeze overlooking Fourth Lake. Beautiful easterly views across the lake ...	3 beds \| 2 baths \| 2,560 sq.ft.	$977,900	Airbnb cash on cash: -0.26% Traditional cash on cash: 2.08% Airbnb Rental Income: $1363 Traditional Rental Income: $3077 Airbnb ROI: -0.26% Traditional ROI: 2.08%
1810 Paddock Ct GRAYSLAKE, IL Incredible updates: Dollar for dollar, the best price in Saddlebrook Farms! The most fanta...	2 beds \| 2 baths \| 1,680 sq.ft.	$229,000	Airbnb cash on cash: -1.8% Traditional cash on cash: 3.52% Airbnb Rental Income: $1745 Traditional Rental Income: $2416 Airbnb ROI: -1.8% Traditional ROI: 3.52%
1537 Colt Ln GRAYSLAKE, IL Welcome to this like-new 2-bedroom, 2-bath ranch home in the sought-after 55+ Saddlebrook ...	2 beds \| 2 baths \| 1,660 sq.ft.	$242,500	Airbnb cash on cash: -1% Traditional cash on cash: 4.03% Airbnb Rental Income: $1745 Traditional Rental Income: $2486 Airbnb ROI: -1% Traditional ROI: 4.03%
18843 W Deerpath Rd GRAYSLAKE, IL Investor, handy, got toys, NEED storage? Check it out... just minutes from Gages Lake off ...	3 beds \| 2 baths \| 2,000 sq.ft.	$399,995	Airbnb cash on cash: -0.96% Traditional cash on cash: 3.93% Airbnb Rental Income: $1363 Traditional Rental Income: $2777 Airbnb ROI: -0.96% Traditional ROI: 3.93%
634 Robin Ct GRAYSLAKE, IL Welcome to this move-in ready townhome in the heart of Grayslake! This well-maintained 3-b...	3 beds \| 1 baths \| 1,568 sq.ft.	$255,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 5.12% Airbnb Rental Income: $1363 Traditional Rental Income: $2373 Airbnb ROI: -0.8% Traditional ROI: 5.12%
75 Whispering Oaks Ln GRAYSLAKE, IL BUILDER GOING IN FOR PERMIT NOW. COMPLETION DATE DECEMBER 30th. Work with our design build...	4 beds \| 2 baths \| 2,385 sq.ft.	$599,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 3.93% Airbnb Rental Income: $1918 Traditional Rental Income: $3014 Airbnb ROI: 1.06% Traditional ROI: 3.93%
20295 W Washington St GRAYSLAKE, IL 20295 W Washington St, GRAYSLAKE, IL 60030 \| Other	N/A beds \| N/A baths \| N/A	$1,999,999	Airbnb cash on cash: -2.03% Traditional cash on cash: -2.93% Airbnb Rental Income: $3082 Traditional Rental Income: $700 Airbnb ROI: -2.03% Traditional ROI: -2.93%
34625 N IL Route 83 Rd GRAYSLAKE, IL 34625 N IL Route 83 Rd, GRAYSLAKE, IL 60030 \| Other	N/A beds \| N/A baths \| N/A	$325,000	Airbnb cash on cash: 4.24% Traditional cash on cash: -1.24% Airbnb Rental Income: $3082 Traditional Rental Income: $705 Airbnb ROI: 4.24% Traditional ROI: -1.24%
33211 N Island Ave GRAYSLAKE, IL 33211 N Island Ave, GRAYSLAKE, IL 60030 \| Other	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: 7.5% Traditional cash on cash: 0.11% Airbnb Rental Income: $3082 Traditional Rental Income: $805 Airbnb ROI: 7.5% Traditional ROI: 0.11%
1537 Colt Lane #1481 GRAYSLAKE, IL A Must See...This is a beautiful Newer Jackson Park ( Lot 1481 ) Built in ""2021"" Move-In...	2 beds \| 2 baths \| 1,680 sq.ft.	$269,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 3.92% Airbnb Rental Income: $1745 Traditional Rental Income: $1910 Airbnb ROI: 1.38% Traditional ROI: 3.92%
25651 W Illinois Route 60 Hwy GRAYSLAKE, IL One owner ranch style home on 27+/- acres offers over 2900 sq. ft. of one level living. So...	3 beds \| 2 baths \| 2,948 sq.ft.	$1,200,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 0.7% Airbnb Rental Income: $1363 Traditional Rental Income: $3081 Airbnb ROI: -1.21% Traditional ROI: 0.7%

Real Estate investment in Grayslake, IL

There are 146 properties for sale in the city of Grayslake . The median list price in Grayslake is $372,227 and the average price per square foot is $197. In August 2026, the average monthly cash on cash return in Grayslake is 3.00%. The average monthly rental income in Grayslake is $2,283.

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

There are 146 investment properties available for sale in Grayslake.

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

The ROI for Short-Term is higher than the Long-Term in Grayslake with average rental income of $1,745.

Your search for investment property begins and ends here

Investment Property for Sale in Grayslake, IL

548 Silverton Dr

GRAYSLAKE, IL

3 beds | 2 baths | 1,765 sq.ft.

$336,000

Airbnb cash on cash: -2.23%

Traditional cash on cash: 2.65%

Airbnb Rental Income: $1363

Traditional Rental Income: $2486

Airbnb ROI: -2.23%

Traditional ROI: 2.65%

860 Blazing Star Rd

GRAYSLAKE, IL

5 beds | 3 baths | 3,853 sq.ft.

$749,999

Airbnb cash on cash: 0.02%

Traditional cash on cash: 0.81%

Airbnb Rental Income: $2898

Traditional Rental Income: $2781

Airbnb ROI: 0.02%

Traditional ROI: 0.81%

300 Lionel Dr

GRAYSLAKE, IL

3 beds | 2 baths | 1,894 sq.ft.

$339,900

Airbnb cash on cash: -1.67%

Traditional cash on cash: 3.35%

Airbnb Rental Income: $1363

Traditional Rental Income: $2547

Airbnb ROI: -1.67%

Traditional ROI: 3.35%

586 N Garfield Blvd

GRAYSLAKE, IL

3 beds | 2 baths | 1,704 sq.ft.

$389,000

Airbnb cash on cash: -0.71%

Traditional cash on cash: 3.01%

Airbnb Rental Income: $1363

Traditional Rental Income: $2306

Airbnb ROI: -0.71%

Traditional ROI: 3.01%

896 Cherry Creek Dr

GRAYSLAKE, IL

3 beds | 2 baths | 1,628 sq.ft.

$279,000

Airbnb cash on cash: -1.45%

Traditional cash on cash: 2.99%

Airbnb Rental Income: $1363

Traditional Rental Income: $2114

Airbnb ROI: -1.45%

Traditional ROI: 2.99%

214 Lionel Dr

GRAYSLAKE, IL

3 beds | 2 baths | 1,894 sq.ft.

$335,000

Airbnb cash on cash: -2.53%

Traditional cash on cash: 3.36%

Airbnb Rental Income: $1363

Traditional Rental Income: $2800

Airbnb ROI: -2.53%

Traditional ROI: 3.36%

17515 W Winnebago Dr

GRAYSLAKE, IL

5 beds | 2 baths | 2,220 sq.ft.

$499,900

Airbnb cash on cash: 1.38%

Traditional cash on cash: 1.7%

Airbnb Rental Income: $2898

Traditional Rental Income: $2376

Airbnb ROI: 1.38%

Traditional ROI: 1.7%

335 Belmont Ct

GRAYSLAKE, IL

3 beds | 2 baths | 1,834 sq.ft.

$199,999

Airbnb cash on cash: -2.81%

Traditional cash on cash: 5.47%

Airbnb Rental Income: $1363

Traditional Rental Income: $2519

Airbnb ROI: -2.81%