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
4.6%
Avg Cash on Cash
-5.3%
Median Cashflow
-$508/mo
Avg Rent Estimate
$2,579/mo
Avg Price
$377,630
Price Range
$70,000 - $940,000
Rent to Price
0.68%
low ratio
Positive Cashflow
32%
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 4.6%, 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 100+ analyzed properties, the median monthly cashflow in Chicago, IL is -$508 with average rents of $2,579/month. Properties range from $70,000 to $940,000, offering entry points across multiple investment budgets.
Chicago, IL Rental Market Insights
- •Median cashflow is -$508/month — careful deal selection is essential here
- •4.6% median cap rate is typical of appreciation-focused markets
- •At 32% positive cashflow rate, Chicago, IL requires selective property picks
- •Premium market with properties from $70,000 to $940,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs