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
821 Michigan Avenue #3 Evanston, IL Welcome to exquisitely renovated 821 Michigan, nestled in beautiful east Evanston. This ex...	3 beds \| 3 baths \| N/A	$799,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 0.39% Airbnb Rental Income: $3420 Traditional Rental Income: $2918 Airbnb ROI: 0.04% Traditional ROI: 0.39%
1720 MAPLE Avenue #1580 Evanston, IL INVESTORS ONLY! Welcome to "Heavanston"! This beautiful 2 bed 2 bath corner unit with gorg...	2 beds \| 2 baths \| 1,035 sq.ft.	$399,800	Airbnb cash on cash: 1.56% Traditional cash on cash: 2.56% Airbnb Rental Income: $3166 Traditional Rental Income: $2823 Airbnb ROI: 1.56% Traditional ROI: 2.56%
813a Forest Avenue #3 Evanston, IL INVESTORS ONLY! Pictures DON'T do justice, this unit is a gem on one of the best streets i...	2 beds \| 1 baths \| N/A	$299,800	Airbnb cash on cash: 2.6% Traditional cash on cash: -0.36% Airbnb Rental Income: $2867 Traditional Rental Income: $1366 Airbnb ROI: 2.6% Traditional ROI: -0.36%
1720 MAPLE Avenue #2470 Evanston, IL INVESTOR Trophy Unit with Sweeping Southeast views of the lake and Downtown Chicago. This ...	1 beds \| 1 baths \| 700 sq.ft.	$395,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 0.91% Airbnb Rental Income: $2376 Traditional Rental Income: $1909 Airbnb ROI: 0.59% Traditional ROI: 0.91%
336 Ridge Avenue #1 Evanston, IL Welcome to 336 Ridge Ave #1 in the heart of Evanston! Spacious 2 bedroom / 1 bath unit in ...	2 beds \| 1 baths \| 1,200 sq.ft.	$194,900	Airbnb cash on cash: 5.86% Traditional cash on cash: 4.69% Airbnb Rental Income: $2799 Traditional Rental Income: $1926 Airbnb ROI: 5.86% Traditional ROI: 4.69%
1720 Maple Avenue #2710 Evanston, IL "Location, location....best location." Once-in-a-Lifetime Ultra-Luxury Living on the North...	3 beds \| 4 baths \| N/A	$1,899,995	Airbnb cash on cash: N/A Traditional cash on cash: -1.87% Airbnb Rental Income: $null Traditional Rental Income: $3605 Airbnb ROI: N/A Traditional ROI: -1.87%
2633 Crawford Avenue Evanston, IL Another stunning new construction single family home developed by XYiP Homes. Energy effic...	4 beds \| 4 baths \| N/A	$1,279,000	Airbnb cash on cash: 0.43% Traditional cash on cash: -0.04% Airbnb Rental Income: $5595 Traditional Rental Income: $3923 Airbnb ROI: 0.43% Traditional ROI: -0.04%
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.	$349,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 1.76% Airbnb Rental Income: $2991 Traditional Rental Income: $1983 Airbnb ROI: 2.74% Traditional ROI: 1.76%
2033 Sherman Avenue #208 Evanston, IL Rarely available large corner unit completely renovated 2 bed 2 bath condo in the heart of...	2 beds \| 2 baths \| 1,316 sq.ft.	$335,000	Airbnb cash on cash: 3.36% Traditional cash on cash: 3.11% Airbnb Rental Income: $2974 Traditional Rental Income: $2212 Airbnb ROI: 3.36% Traditional ROI: 3.11%
1415 Sherman Avenue #204 Evanston, IL Welcome to your new home in the heart of downtown Evanston! This chic and contemporary 2-b...	2 beds \| 2 baths \| 1,250 sq.ft.	$429,900	Airbnb cash on cash: 0.13% Traditional cash on cash: 0.18% Airbnb Rental Income: $2974 Traditional Rental Income: $2310 Airbnb ROI: 0.13% Traditional ROI: 0.18%
1500 Oak Avenue #1H Evanston, IL Over 1800 Sq ft of extraordinary living space! 3 large Bedrooms with 2 full bathrooms mak...	3 beds \| 2 baths \| 1,846 sq.ft.	$450,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 1.44% Airbnb Rental Income: $3441 Traditional Rental Income: $2641 Airbnb ROI: 1.53% Traditional ROI: 1.44%
250 Ridge Avenue #4D Evanston, IL Come see this cozy 1BR condo in a well-run elevator building on a tree-lined street in Sou...	1 beds \| 1 baths \| N/A	$165,000	Airbnb cash on cash: 5.96% Traditional cash on cash: 5.41% Airbnb Rental Income: $2190 Traditional Rental Income: $1550 Airbnb ROI: 5.96% Traditional ROI: 5.41%
1501 Greenleaf Street Evanston, IL This unassuming corner building sits proudly in the heart of the Evanston Arts District, a...	3 beds \| 3 baths \| 2,431 sq.ft.	$950,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 1.14% Airbnb Rental Income: $3490 Traditional Rental Income: $3344 Airbnb ROI: 0.44% Traditional ROI: 1.14%
1723 Greenleaf Street Evanston, IL Beautiful brick bungalow filled with natural light and adjacent buildable lot for sale on ...	3 beds \| 2 baths \| 2,500 sq.ft.	$900,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 0.68% Airbnb Rental Income: $3490 Traditional Rental Income: $2769 Airbnb ROI: 0.62% Traditional ROI: 0.68%
3400 Church Street Evanston, IL LOCATION! LOCATION! LOCATION! This tri-level townhome in Evanston is centrally located to ...	3 beds \| 3 baths \| 1,812 sq.ft.	$419,900	Airbnb cash on cash: 3.89% Traditional cash on cash: 2.89% Airbnb Rental Income: $3950 Traditional Rental Income: $2712 Airbnb ROI: 3.89% Traditional ROI: 2.89%
2150 McDaniel Avenue Evanston, IL Stellar 3-bedroom Victorian farmhouse in desirable NW Evanston. The three-season porch wel...	3 beds \| 4 baths \| 2,000 sq.ft.	$750,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 2.82% Airbnb Rental Income: $3420 Traditional Rental Income: $3540 Airbnb ROI: 1.57% Traditional ROI: 2.82%
9217 Ewing Avenue #201 Evanston, IL Gorgeous 3 bed 2 bath condo in the desired Evanston area! Nothing to do but move in! Beaut...	3 beds \| 2 baths \| 1,500 sq.ft.	$319,999	Airbnb cash on cash: 6.38% Traditional cash on cash: 4.38% Airbnb Rental Income: $3950 Traditional Rental Income: $2499 Airbnb ROI: 6.38% Traditional ROI: 4.38%
2022 Grant Street Evanston, IL Gorgeous 4 bed 2 bath home in the desired Evanston area! Nothing to do but move-in and enj...	3 beds \| 2 baths \| 2,392 sq.ft.	$725,000	Airbnb cash on cash: 2.2% Traditional cash on cash: 1.79% Airbnb Rental Income: $3903 Traditional Rental Income: $2788 Airbnb ROI: 2.2% Traditional ROI: 1.79%
9200 E Prairie Road #409 Evanston, IL Check out this great top floor 2bd/2ba condo in The Enclave in Evanston! This quiet, well...	2 beds \| 2 baths \| N/A	$315,000	Airbnb cash on cash: 2.66% Traditional cash on cash: 3.1% Airbnb Rental Income: $2890 Traditional Rental Income: $2348 Airbnb ROI: 2.66% Traditional ROI: 3.1%
1416 Hinman Avenue 1 Evanston, IL	2 beds \| 2 baths \| 1,332 sq.ft.	$399,500	Airbnb cash on cash: 1.88% Traditional cash on cash: 1.71% Airbnb Rental Income: $2974 Traditional Rental Income: $2225 Airbnb ROI: 1.88% Traditional ROI: 1.71%
1831 Lincoln Street #1831 Evanston, IL Discover the epitome of modern elegance in this gorgeous townhome nestled in the heart of ...	3 beds \| 3 baths \| N/A	$830,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 0.59% Airbnb Rental Income: $3903 Traditional Rental Income: $2843 Airbnb ROI: 0.88% Traditional ROI: 0.59%
1132 Pitner Avenue Evanston, IL Expect to be impressed with this extra large brand new construction six bedroom, five bath...	5 beds \| 5 baths \| 4,200 sq.ft.	$1,249,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 2.53% Airbnb Rental Income: $3750 Traditional Rental Income: $5056 Airbnb ROI: 0.7% Traditional ROI: 2.53%
1731 Mcdaniel Avenue #B Evanston, IL Charming Townhouse in Prime Location - Perfect for Families and Pet Lovers! Discover your...	3 beds \| 2 baths \| 1,300 sq.ft.	$335,000	Airbnb cash on cash: 7.66% Traditional cash on cash: 4.65% Airbnb Rental Income: $4015 Traditional Rental Income: $2208 Airbnb ROI: 7.66% Traditional ROI: 4.65%
2711 Central Street #3E Evanston, IL Northwest Evanston charming, light and bright, top floor 2-bedroom co-op home with desirab...	2 beds \| 1 baths \| N/A	$142,900	Airbnb cash on cash: 9.3% Traditional cash on cash: 2.23% Airbnb Rental Income: $3463 Traditional Rental Income: $1728 Airbnb ROI: 9.3% Traditional ROI: 2.23%
7312 N Hamilton Ave #1E Evanston, IL 7312 N Hamilton Ave #1E, Evanston, IL 60645 \| Condo/Coop	1 beds \| 1 baths \| 761 sq.ft.	$149,000	Airbnb cash on cash: 4.27% Traditional cash on cash: 1.63% Airbnb Rental Income: $2190 Traditional Rental Income: $1259 Airbnb ROI: 4.27% Traditional ROI: 1.63%
1217 Hull Terrace #2A Evanston, IL Your search ends here! STUNNING condo will simply take your breath away with all of its wo...	3 beds \| 2 baths \| 1,475 sq.ft.	$419,900	Airbnb cash on cash: 2.85% Traditional cash on cash: 2.31% Airbnb Rental Income: $3463 Traditional Rental Income: $2485 Airbnb ROI: 2.85% Traditional ROI: 2.31%
9336 Morgan Avenue Evanston, IL Lovely 3 story split level with gorgeous new bathrooms, wonderful open layout, great curb ...	4 beds \| 3 baths \| 2,450 sq.ft.	$699,000	Airbnb cash on cash: 5.11% Traditional cash on cash: 2.49% Airbnb Rental Income: $6127 Traditional Rental Income: $3214 Airbnb ROI: 5.11% Traditional ROI: 2.49%

Real Estate investment in Evanston, IL

There are 46 properties for sale in the city of Evanston . The median list price in Evanston is $399,000 and the average price per square foot is $249. In November 2024, the average monthly cash on cash return in Evanston is 2.00%. The average monthly rental income in Evanston is $2,364.

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

There are 46 investment properties available for sale in Evanston.

In 2024, the best neighborhood to buy investment property is West Side.

The ROI for Short-Term is higher than the Long-Term in Evanston with average rental income of $3,420.

Your search for investment property begins and ends here

Investment Property for Sale in Evanston, IL

821 Michigan Avenue #3

Evanston, IL

3 beds | 3 baths | N/A

$799,000

Airbnb cash on cash: 0.04%

Traditional cash on cash: 0.39%

Airbnb Rental Income: $3420

Traditional Rental Income: $2918

Airbnb ROI: 0.04%

Traditional ROI: 0.39%

1720 MAPLE Avenue #1580

Evanston, IL

2 beds | 2 baths | 1,035 sq.ft.

$399,800

Airbnb cash on cash: 1.56%

Traditional cash on cash: 2.56%

Airbnb Rental Income: $3166

Traditional Rental Income: $2823

Airbnb ROI: 1.56%

Traditional ROI: 2.56%

813a Forest Avenue #3

Evanston, IL

2 beds | 1 baths | N/A

$299,800

Airbnb cash on cash: 2.6%

Traditional cash on cash: -0.36%

Airbnb Rental Income: $2867

Traditional Rental Income: $1366

Airbnb ROI: 2.6%

Traditional ROI: -0.36%

1720 MAPLE Avenue #2470

Evanston, IL

1 beds | 1 baths | 700 sq.ft.

$395,000

Airbnb cash on cash: 0.59%

Traditional cash on cash: 0.91%

Airbnb Rental Income: $2376

Traditional Rental Income: $1909

Airbnb ROI: 0.59%

Traditional ROI: 0.91%

336 Ridge Avenue #1

Evanston, IL

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

$194,900

Airbnb cash on cash: 5.86%

Traditional cash on cash: 4.69%

Airbnb Rental Income: $2799

Traditional Rental Income: $1926

Airbnb ROI: 5.86%

Traditional ROI: 4.69%

1720 Maple Avenue #2710

Evanston, IL

3 beds | 4 baths | N/A

$1,899,995

Airbnb cash on cash: N/A

Traditional cash on cash: -1.87%

Airbnb Rental Income: $null

Traditional Rental Income: $3605

Airbnb ROI: N/A

Traditional ROI: -1.87%

2633 Crawford Avenue

Evanston, IL

4 beds | 4 baths | N/A

$1,279,000

Airbnb cash on cash: 0.43%

Traditional cash on cash: -0.04%

Airbnb Rental Income: $5595

Traditional Rental Income: $3923

Airbnb ROI: 0.43%

Traditional ROI: -0.04%

1915 Grant Street

Evanston, IL

2 beds | 1 baths | 600 sq.ft.

$349,000

Airbnb cash on cash: 2.74%

Traditional cash on cash: 1.76%

Airbnb Rental Income: $2991

Traditional Rental Income: $1983

Airbnb ROI: 2.74%