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 50+ datapoints.
Chicago, IL Long-Term Rental Investment Snapshot
Based on 50+ long-term rental datapoints
Median Cap Rate
4.4%
Avg Cash on Cash
-3.9%
Median Cashflow
-$400/mo
Avg Rent Estimate
$2,607/mo
Avg Price
$348,920
Price Range
$70,000 - $850,000
Rent to Price
0.75%
okay ratio
Positive Cashflow
36%
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 4.4%, 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 50+ analyzed properties, the median monthly cashflow in Chicago, IL is -$400 with average rents of $2,607/month. Properties range from $70,000 to $850,000, offering entry points across multiple investment budgets.
1502 W Edgewater Ave, Chicago, IL 60660
Price
$1,113,700
Rent
$3,498
CachFlow
-$4,268
CoC
-21.9
Chicago, IL Rental Market Insights
- •Median cashflow is -$400/month — careful deal selection is essential here
- •4.4% median cap rate is typical of appreciation-focused markets
- •At 36% 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