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 10+ datapoints.
Chicago, IL Short-Term Rental / Airbnb Investment Snapshot
Based on 10+ short-term rental / airbnb datapoints
Median Cap Rate
2.7%
Avg Cash on Cash
-12.3%
Median Cashflow
-$1,288/mo
Avg Rent Estimate
$2,361/mo
Avg Price
$317,911
Price Range
$64,900 - $549,000
Rent to Price
0.74%
low ratio
Positive Cashflow
10%
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 2.7%, the mid-to-upper tier property prices reflect strong underlying demand. STR investors here typically benefit from appreciation alongside rental income.
Across 10+ analyzed properties, Chicago, IL STR investments show a median monthly cashflow of -$1,288 with an average estimated nightly-rate-adjusted revenue of $2,361/month. These figures reflect real property data, not projections.
3231 W Fullerton Ave #3-W, Chicago, IL 60647
Price
$425,000
Rent
$2,772
CachFlow
-$1,912
CoC
-22.66
Chicago, IL Airbnb Market Insights
- •Median cashflow is -$1,288/month — careful deal selection is essential here
- •2.7% median cap rate is typical of appreciation-focused markets
- •At 10% positive cashflow rate, Chicago, IL requires selective property picks
- •Mid-to-upper tier market with properties from $64,900 to $549,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs