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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
146 Westerfield Place GRAYSLAKE, IL Step back in time with this elegant 1895 Victorian, beautifully blending timeless charm wi...	5 beds \| 3 baths \| 2,660 sq.ft.	$499,900	Airbnb cash on cash: -0.48% Traditional cash on cash: 3.32% Airbnb Rental Income: $2011 Traditional Rental Income: $3260 Airbnb ROI: -0.48% Traditional ROI: 3.32%
214 Lionel Drive GRAYSLAKE, IL Welcome to 214 Lionel Drive in Grayslake - a beautifully maintained newer construction tow...	3 beds \| 3 baths \| 1,815 sq.ft.	$369,900	Airbnb cash on cash: -2.14% Traditional cash on cash: 2.95% Airbnb Rental Income: $1466 Traditional Rental Income: $2800 Airbnb ROI: -2.14% Traditional ROI: 2.95%
3221 Harness Lane GRAYSLAKE, IL Beautiful move in ready 3-bedroom 2 bath Ranch home in a desired 55+ community "Saddlebroo...	3 beds \| 2 baths \| 1,856 sq.ft.	$279,000	Airbnb cash on cash: -2.12% Traditional cash on cash: 3% Airbnb Rental Income: $1466 Traditional Rental Income: $2378 Airbnb ROI: -2.12% Traditional ROI: 3%
2814 Phillip Drive GRAYSLAKE, IL Enjoy the summer breeze overlooking Fourth Lake. Beautiful easterly views across the lake ...	3 beds \| 3 baths \| 2,560 sq.ft.	$977,900	Airbnb cash on cash: -0.16% Traditional cash on cash: 2.08% Airbnb Rental Income: $1466 Traditional Rental Income: $3077 Airbnb ROI: -0.16% Traditional ROI: 2.08%
1810 Paddock Court GRAYSLAKE, IL Incredible updates: the primary bath with a new walk-in shower featuring a built-in bench ...	2 beds \| 2 baths \| 1,680 sq.ft.	$233,520	Airbnb cash on cash: -3.49% Traditional cash on cash: 3.86% Airbnb Rental Income: $1178 Traditional Rental Income: $2416 Airbnb ROI: -3.49% Traditional ROI: 3.86%
33762 N Oak Street GRAYSLAKE, IL Stunning 4-Bedroom, 3.5-Bath Custom Home in a Beautiful lakeside community (Grayslake addr...	3 beds \| 4 baths \| 1,864 sq.ft.	$419,900	Airbnb cash on cash: -0.95% Traditional cash on cash: 3.63% Airbnb Rental Income: $1466 Traditional Rental Income: $2832 Airbnb ROI: -0.95% Traditional ROI: 3.63%
3306 Stakes Lane GRAYSLAKE, IL This 2-bed/2-bath home in Saddlebrook Farms offers effortless, single-level living in a we...	2 beds \| 2 baths \| 1,904 sq.ft.	$189,000	Airbnb cash on cash: -3.93% Traditional cash on cash: 5.32% Airbnb Rental Income: $1178 Traditional Rental Income: $2455 Airbnb ROI: -3.93% Traditional ROI: 5.32%
75 Whispering Oaks Lane GRAYSLAKE, IL BUILDER GOING IN FOR PERMIT NOW. COMPLETION DATE DECEMBER 30th. Work with our design build...	4 beds \| 3 baths \| 2,385 sq.ft.	$599,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 3.93% Airbnb Rental Income: $1638 Traditional Rental Income: $3014 Airbnb ROI: 0.64% Traditional ROI: 3.93%
3214 Harness Lane GRAYSLAKE, IL Absolutely beautiful and move-in ready, this well-maintained 2-bedroom, 2-bath home is per...	2 beds \| 2 baths \| 1,300 sq.ft.	$175,000	Airbnb cash on cash: -3.61% Traditional cash on cash: 5.19% Airbnb Rental Income: $1178 Traditional Rental Income: $2259 Airbnb ROI: -3.61% Traditional ROI: 5.19%
701 Caitlin Court GRAYSLAKE, IL Prestigious home in the sought-after Meadows of Grayslake subdivision, showcasing high-end...	5 beds \| 5 baths \| 2,883 sq.ft.	$949,900	Airbnb cash on cash: -0.88% Traditional cash on cash: N/A Airbnb Rental Income: $2011 Traditional Rental Income: $0 Airbnb ROI: -0.88% Traditional ROI: N/A
33771 N 2nd Street GRAYSLAKE, IL This one is a must see !! Beautifully maintained 2-story brick home situated on a spacious...	3 beds \| 2 baths \| 1,610 sq.ft.	$349,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 4.42% Airbnb Rental Income: $1466 Traditional Rental Income: $2431 Airbnb ROI: 0.16% Traditional ROI: 4.42%
130 Whitehall Court GRAYSLAKE, IL ***MULTIPLE OFFERS RECEIVED. Please submit highest offer and best terms by end of day Sund...	4 beds \| 4 baths \| 3,001 sq.ft.	$495,000	Airbnb cash on cash: -1.09% Traditional cash on cash: 3.07% Airbnb Rental Income: $1638 Traditional Rental Income: $3102 Airbnb ROI: -1.09% Traditional ROI: 3.07%
18716 W Jasmine Court GRAYSLAKE, IL Tucked away on a quiet cul-de-sac in highly desirable Tanqueray Meadows, this beautifully ...	4 beds \| 4 baths \| 2,334 sq.ft.	$539,900	Airbnb cash on cash: -0.9% Traditional cash on cash: 2.91% Airbnb Rental Income: $1638 Traditional Rental Income: $3102 Airbnb ROI: -0.9% Traditional ROI: 2.91%
1542 Meadow View Lane GRAYSLAKE, IL	2 beds \| 2 baths \| 1,904 sq.ft.	$325,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 4.48% Airbnb Rental Income: $1178 Traditional Rental Income: $1786 Airbnb ROI: 1.23% Traditional ROI: 4.48%

Real Estate investment in Grayslake, IL

There are 39 properties for sale in the city of Grayslake . The median list price in Grayslake is $280,000 and the average price per square foot is $151. In March 2026, the average monthly cash on cash return in Grayslake is 4.00%. The average monthly rental income in Grayslake is $2,431.

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

There are 39 investment properties available for sale in Grayslake.

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

The ROI for Long-Term is higher than the Short-Term in Grayslake with average rental income of $2,431.

Your search for investment property begins and ends here

Investment Property for Sale in Grayslake, IL

146 Westerfield Place

GRAYSLAKE, IL

5 beds | 3 baths | 2,660 sq.ft.

$499,900

Airbnb cash on cash: -0.48%

Traditional cash on cash: 3.32%

Airbnb Rental Income: $2011

Traditional Rental Income: $3260

Airbnb ROI: -0.48%

Traditional ROI: 3.32%

214 Lionel Drive

GRAYSLAKE, IL

3 beds | 3 baths | 1,815 sq.ft.

$369,900

Airbnb cash on cash: -2.14%

Traditional cash on cash: 2.95%

Airbnb Rental Income: $1466

Traditional Rental Income: $2800

Airbnb ROI: -2.14%

Traditional ROI: 2.95%

3221 Harness Lane

GRAYSLAKE, IL

3 beds | 2 baths | 1,856 sq.ft.

$279,000

Airbnb cash on cash: -2.12%

Traditional cash on cash: 3%

Airbnb Rental Income: $1466

Traditional Rental Income: $2378

Airbnb ROI: -2.12%

Traditional ROI: 3%

2814 Phillip Drive

GRAYSLAKE, IL

3 beds | 3 baths | 2,560 sq.ft.

$977,900

Airbnb cash on cash: -0.16%

Traditional cash on cash: 2.08%

Airbnb Rental Income: $1466

Traditional Rental Income: $3077

Airbnb ROI: -0.16%

Traditional ROI: 2.08%

1810 Paddock Court

GRAYSLAKE, IL

2 beds | 2 baths | 1,680 sq.ft.

$233,520

Airbnb cash on cash: -3.49%

Traditional cash on cash: 3.86%

Airbnb Rental Income: $1178

Traditional Rental Income: $2416

Airbnb ROI: -3.49%

Traditional ROI: 3.86%

33762 N Oak Street

GRAYSLAKE, IL

3 beds | 4 baths | 1,864 sq.ft.

$419,900

Airbnb cash on cash: -0.95%

Traditional cash on cash: 3.63%

Airbnb Rental Income: $1466

Traditional Rental Income: $2832

Airbnb ROI: -0.95%

Traditional ROI: 3.63%

3306 Stakes Lane

GRAYSLAKE, IL

2 beds | 2 baths | 1,904 sq.ft.

$189,000

Airbnb cash on cash: -3.93%

Traditional cash on cash: 5.32%

Airbnb Rental Income: $1178

Traditional Rental Income: $2455

Airbnb ROI: -3.93%

Traditional ROI: 5.32%

75 Whispering Oaks Lane

GRAYSLAKE, IL

4 beds | 3 baths | 2,385 sq.ft.

$599,000

Airbnb cash on cash: 0.64%

Traditional cash on cash: 3.93%

Airbnb Rental Income: $1638

Traditional Rental Income: $3014

Airbnb ROI: 0.64%