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 100+ datapoints.
Chicago, IL Long-Term Rental Investment Snapshot
Based on 100+ long-term rental datapoints
Median Cap Rate
4.8%
Avg Cash on Cash
-5.9%
Median Cashflow
-$451/mo
Avg Rent Estimate
$2,503/mo
Avg Price
$366,010
Price Range
$64,900 - $757,900
Rent to Price
0.68%
low ratio
Positive Cashflow
33%
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 4.8%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 100+ analyzed properties, the median monthly cashflow in Chicago, IL is -$451 with average rents of $2,503/month. Properties range from $64,900 to $757,900, offering entry points across multiple investment budgets.
Chicago, IL Rental Market Insights
- •Median cashflow is -$451/month — careful deal selection is essential here
- •4.8% median cap rate is typical of appreciation-focused markets
- •At 33% positive cashflow rate, Chicago, IL requires selective property picks
- •Mid-to-upper tier market with properties from $64,900 to $757,900
- •Consider this market if your strategy favors equity growth with rental income covering holding costs