Chicago, IL Short-Term Rental / Airbnb Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for short-term rental / airbnb investments in Chicago, IL. Based on 20+ datapoints.
Chicago, IL Short-Term Rental / Airbnb Investment Snapshot
Based on 20+ short-term rental / airbnb datapoints
Median Cap Rate
4%
Avg Cash on Cash
-7.2%
Median Cashflow
-$463/mo
Avg Rent Estimate
$4,125/mo
Avg Price
$430,681
Price Range
$199,000 - $874,400
Rent to Price
0.96%
okay ratio
Positive Cashflow
29%
of analyzed properties
Recent real estate investor listings analysed as short-term rental / airbnb deals in Chicago, IL
Chicago, IL is a premium short-term rental market where property values drive long-term wealth. While cap rates are modest at 4%, the premium property prices reflect strong underlying demand. STR investors here typically benefit from appreciation alongside rental income.
Across 20+ analyzed properties, Chicago, IL STR investments show a median monthly cashflow of -$463 with an average estimated nightly-rate-adjusted revenue of $4,125/month. These figures reflect real property data, not projections.
5231 N Lakewood Ave, Chicago, IL 60640
Price
$1,150,000
Rent
$5,088
CachFlow
-$4,930
CoC
-22.28
Chicago, IL Airbnb Market Insights
- •Median cashflow is -$463/month — careful deal selection is essential here
- •4% median cap rate is typical of appreciation-focused markets
- •At 29% positive cashflow rate, Chicago, IL requires selective property picks
- •Premium market with properties from $199,000 to $874,400
- •Consider this market if your strategy favors equity growth with rental income covering holding costs