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
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%
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%
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%
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.	$890,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 0.53% Airbnb Rental Income: $3490 Traditional Rental Income: $2769 Airbnb ROI: 0.47% Traditional ROI: 0.53%
1416 Hinman Avenue 1 Evanston, IL	2 beds \| 2 baths \| 1,332 sq.ft.	$415,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 1.61% Airbnb Rental Income: $2974 Traditional Rental Income: $2225 Airbnb ROI: 1.78% Traditional ROI: 1.61%
2539 Bennett Avenue #2 Evanston, IL Located on Central Street Corridor with easy access to transportation and walk-able to caf...	2 beds \| 1 baths \| N/A	$170,000	Airbnb cash on cash: 7.24% Traditional cash on cash: 2.39% Airbnb Rental Income: $3463 Traditional Rental Income: $1911 Airbnb ROI: 7.24% Traditional ROI: 2.39%
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.	$1,199,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 2.68% Airbnb Rental Income: $3750 Traditional Rental Income: $5056 Airbnb ROI: 0.77% Traditional ROI: 2.68%
1731 Mcdaniel Avenue #B Evanston, IL *$3,000 sellers closing cost credit* Charming Townhouse in Prime Location - Perfect fo...	3 beds \| 2 baths \| 1,300 sq.ft.	$335,000	Airbnb cash on cash: 7.8% Traditional cash on cash: 4.78% Airbnb Rental Income: $4015 Traditional Rental Income: $2208 Airbnb ROI: 7.8% Traditional ROI: 4.78%
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%
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%
803 Brummel Street Evanston, IL Nestled in the heart of Evanston, this 3 bedroom, 1.5 bathroom townhome is brimming with p...	3 beds \| 2 baths \| 1,468 sq.ft.	$209,900	Airbnb cash on cash: 8.42% Traditional cash on cash: 7.38% Airbnb Rental Income: $3463 Traditional Rental Income: $2489 Airbnb ROI: 8.42% Traditional ROI: 7.38%
240 Lee Street #3 Evanston, IL BEACH LOVERS! Spectacular top floor corner unit flooded with sunshine and breezes. Treetop...	3 beds \| 3 baths \| 1,832 sq.ft.	$699,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 0.19% Airbnb Rental Income: $3420 Traditional Rental Income: $2902 Airbnb ROI: -0.18% Traditional ROI: 0.19%
822 Dobson Street #3W Evanston, IL Bright, well-maintained and spacious top-floor 3 bedroom, 2.1 bath condo minutes from the ...	3 beds \| 3 baths \| 1,600 sq.ft.	$350,000	Airbnb cash on cash: 4.07% Traditional cash on cash: 4.54% Airbnb Rental Income: $3463 Traditional Rental Income: $2850 Airbnb ROI: 4.07% Traditional ROI: 4.54%
1500 Oak Avenue #3J Evanston, IL 2 Bedroom 2 Bathroom condo in Evanston. Living/dining combo. Large primary bedroom with a ...	2 beds \| 2 baths \| N/A	$275,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 3.06% Airbnb Rental Income: $3166 Traditional Rental Income: $2499 Airbnb ROI: 2.87% Traditional ROI: 3.06%
2105 Madison Place Evanston, IL Here is a great home with a lot of potential. 2 bedrooms, 1 full bathroom, a full/unfinis...	2 beds \| 1 baths \| 1,100 sq.ft.	$274,900	Airbnb cash on cash: 3.96% Traditional cash on cash: 3.2% Airbnb Rental Income: $2783 Traditional Rental Income: $1934 Airbnb ROI: 3.96% Traditional ROI: 3.2%
835 Judson Avenue #405 Evanston, IL You've seen the rest, Now see the best! Bright Sun filled 4th Floor 3 Beds, 2 Baths, Maste...	3 beds \| 2 baths \| 1,200 sq.ft.	$345,000	Airbnb cash on cash: 3.65% Traditional cash on cash: 3.1% Airbnb Rental Income: $3420 Traditional Rental Income: $2485 Airbnb ROI: 3.65% Traditional ROI: 3.1%
1720 MAPLE Avenue #2370 Evanston, IL Luxury Unicorn in the sky! Great opportunity to live in one of the premier amenity buildin...	1 beds \| 1 baths \| 700 sq.ft.	$328,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 1.31% Airbnb Rental Income: $2376 Traditional Rental Income: $2154 Airbnb ROI: 0.14% Traditional ROI: 1.31%

Real Estate investment in Evanston, IL

There are 31 properties for sale in the city of Evanston . The median list price in Evanston is $345,000 and the average price per square foot is $223. In December 2024, the average monthly cash on cash return in Evanston is 3.00%. The average monthly rental income in Evanston is $2,398.

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

There are 31 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

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%

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%

Traditional ROI: 1.76%

2033 Sherman Avenue #208

Evanston, IL

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

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%

250 Ridge Avenue #4D

Evanston, IL

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%

1723 Greenleaf Street

Evanston, IL

3 beds | 2 baths | 2,500 sq.ft.

$890,000

Airbnb cash on cash: 0.47%

Traditional cash on cash: 0.53%

Airbnb Rental Income: $3490

Traditional Rental Income: $2769

Airbnb ROI: 0.47%