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 10+ datapoints.
Chicago, IL Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
3.6%
Avg Cash on Cash
-9.9%
Median Cashflow
-$684/mo
Avg Rent Estimate
$2,907/mo
Price Range
$226,000 - $874,400
Positive Cashflow
20%
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 10+ analyzed properties, the median monthly cashflow in Chicago, IL is -$684 with average rents of $2,907/month. Properties range from $226,000 to $874,400, offering entry points across multiple investment budgets.
Chicago, IL Rental Market Insights
- •Median cashflow is -$684/month — careful deal selection is essential here
- •3.6% median cap rate is typical of appreciation-focused markets
- •At 20% positive cashflow rate, Chicago, IL requires selective property picks
- •Premium market with properties from $226,000 to $874,400
- •Consider this market if your strategy favors equity growth with rental income covering holding costs