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 40+ datapoints.
Chicago, IL Long-Term Rental Investment Snapshot
Based on 40+ long-term rental datapoints
Median Cap Rate
4.2%
Avg Cash on Cash
-4.9%
Median Cashflow
-$489/mo
Avg Rent Estimate
$2,609/mo
Avg Price
$353,186
Price Range
$70,000 - $850,000
Rent to Price
0.74%
low ratio
Positive Cashflow
34%
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 4.2%, 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 40+ analyzed properties, the median monthly cashflow in Chicago, IL is -$489 with average rents of $2,609/month. Properties range from $70,000 to $850,000, offering entry points across multiple investment budgets.
Chicago, IL Rental Market Insights
- •Median cashflow is -$489/month — careful deal selection is essential here
- •4.2% median cap rate is typical of appreciation-focused markets
- •At 34% positive cashflow rate, Chicago, IL requires selective property picks
- •Mid-to-upper tier market with properties from $70,000 to $850,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs