Chicago, IL Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Chicago, IL. Based on 30+ datapoints.
Chicago, IL Long-Term Rental Investment Snapshot
Based on 30+ long-term rental datapoints
Median Cap Rate
4%
Avg Cash on Cash
-7.3%
Median Cashflow
-$635/mo
Avg Rent Estimate
$2,685/mo
Avg Price
$381,525
Price Range
$70,000 - $1,050,000
Rent to Price
0.7%
low ratio
Positive Cashflow
29%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Chicago, IL
Chicago, IL is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4%, typical of premium markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 30+ analyzed properties, the median monthly cashflow in Chicago, IL is -$635 with average rents of $2,685/month. Properties range from $70,000 to $1,050,000, offering entry points across multiple investment budgets.
Chicago, IL Rental Market Insights
- •Median cashflow is -$635/month — careful deal selection is essential here
- •4% median cap rate is typical of appreciation-focused markets
- •At 29% positive cashflow rate, Chicago, IL requires selective property picks
- •Premium market with properties from $70,000 to $1,050,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs