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
3.6%
Avg Cash on Cash
-9.4%
Median Cashflow
-$565/mo
Avg Rent Estimate
$2,683/mo
Avg Price
$407,431
Price Range
$157,300 - $874,400
Rent to Price
0.66%
low ratio
Positive Cashflow
26%
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 3.6%, 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 -$565 with average rents of $2,683/month. Properties range from $157,300 to $874,400, offering entry points across multiple investment budgets.
2030 W Shakespeare Ave, Chicago, IL 60647
Price
$850,000
Rent
$3,810
CachFlow
-$2,756
CoC
-18.53
Chicago, IL Rental Market Insights
- •Median cashflow is -$565/month — careful deal selection is essential here
- •3.6% median cap rate is typical of appreciation-focused markets
- •At 26% positive cashflow rate, Chicago, IL requires selective property picks
- •Premium market with properties from $157,300 to $874,400
- •Consider this market if your strategy favors equity growth with rental income covering holding costs