Chicago Investment Analysis

Investment Property in Chicago, IL

Discover Investment Performance Rent Prices Top Properties Insights

Discover

Chicago

Real estate investing in Chicago is more lucrative than most people might think. Airbnb has to proved to be a great channel in providing returns in this pricey city. The market analysis shows the great opportunities in renting out entire investment properties as oppose to individual rooms on Airbnb.

Chicago has similar real estate market trends as other big cities, such as New York City, but the property prices are less than half of New York City. The average rent to home price ratio is higher in Chicago than in other parts of the country, and the Chicago metro area continues to see increasing rent rates. This opens up great real estate investing opportunities because housing is cheaper in Chicago and rent is increasing. There is such a high demand from students and employees from various industries, making buy-and-holds optimal. Tourism also drives a demand for short-term rentals.

Chicago is one of the few cities that has an abundant supply of multi-family homes, which have low selling prices and high rental rates, making positive cash-flow very feasible.

Chicago, IL Real Estate Investment Performance

PROPERTY SALE PRICE

$ 379,900

Median

1,816

Avg/Sq.ft.

CASH ON CASH RETURN

3.00%

Traditional

4.00%

Airbnb

RENTAL INCOME

$ 2,369

Traditional

$ 3,781

Airbnb

RENTAL INCOME

$ 2,369

Traditional

$ 3,781

Airbnb

NUMBER OF PROPERTIES

5,882

Investment

52,927

Airbnb

10,143

Traditional

70%

Airbnb occupancy rate

Chicago, IL Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 2,031	$ 2,721	$ 3,477	$ 5,056
Traditional	$ 1,380	$ 1,755	$ 2,339	$ 3,095

Airbnb

1 ROOM	$ 2,031
2 ROOMS	$ 2,721
3 ROOMS	$ 3,477
4 ROOMS	$ 5,056

Traditional

1 ROOM	$ 1,380
2 ROOMS	$ 1,755
3 ROOMS	$ 2,339
4 ROOMS	$ 3,095

Predict Short-Term Rental Revenue

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Investment Properties for Sale in Chicago, IL

$208,900

MLS 12045401

211 E Ohio St #1805, Chicago, IL 60611

Near East Side

Condo/Coop

1 beds 1 baths N/A sq.ft.

CAP RATE Trad. 3.59% Airbnb 10.24%

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
PEKIN	$129,900	10%	9%	$1,841	$1,978	27	74%
SKOKIE	$392,500	4%	4%	$2,598	$3,697	56	70%
Naperville	$655,000	3%	5%	$3,545	$3,232	283	70%
Springfield	$159,900	7%	10%	$1,678	$2,825	142	69%
Palatine	$281,200	4%	5%	$2,297	$3,660	70	67%
ELMWOOD PARK	$350,000	4%	3%	$2,333	$2,807	33	66%
Elgin	$399,900	4%	7%	$2,791	$3,835	158	66%
BERWYN	$340,000	4%	4%	$2,279	$3,027	53	65%
WHEELING	$289,000	5%	4%	$2,412	$3,398	29	65%
Carol Stream	$359,900	4%	8%	$2,599	$4,647	27	65%
Lombard	$379,000	4%	7%	$2,423	$4,421	53	64%
WOOD DALE	$357,500	4%	8%	$2,445	$5,151	17	64%
LAKE IN THE HILLS	$375,000	4%	7%	$2,700	$4,792	33	64%
Oswego	$434,900	4%	5%	$2,726	$2,994	73	63%
Park Forest	$174,950	7%	12%	$2,244	$3,452	78	62%
Mundelein	$365,000	4%	2%	$2,665	$2,842	33	62%
WADSWORTH	$562,400	3%	6%	$3,014	$6,259	18	62%
Bellwood	$219,250	6%	9%	$2,108	$3,640	16	62%
Bloomingdale	$419,950	4%	5%	$2,865	$4,438	30	62%
Alsip	$314,950	5%	5%	$2,061	$2,765	24	60%

$ 379,900

Median

1,816

Avg/Sq.ft.

3.00%

Traditional

4.00%

Airbnb

$ 2,369

Traditional

$ 3,781

Airbnb

$ 2,369

Traditional

$ 3,781

Airbnb

5,882

Investment

52,927

Airbnb

10,143

Traditional

70%

Airbnb occupancy rate

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