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 15+ datapoints.
Chicago, IL Short-Term Rental / Airbnb Investment Snapshot
Based on 15+ short-term rental / airbnb datapoints
Median Cap Rate
3.7%
Avg Cash on Cash
-4.7%
Median Cashflow
-$757/mo
Avg Rent Estimate
$2,763/mo
Avg Price
$331,213
Price Range
$64,900 - $549,900
Rent to Price
0.83%
okay ratio
Positive Cashflow
31%
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 3.7%, the mid-to-upper tier property prices reflect strong underlying demand. STR investors here typically benefit from appreciation alongside rental income.
Across 15+ analyzed properties, Chicago, IL STR investments show a median monthly cashflow of -$757 with an average estimated nightly-rate-adjusted revenue of $2,763/month. These figures reflect real property data, not projections.
Chicago, IL Airbnb Market Insights
- •Median cashflow is -$757/month — careful deal selection is essential here
- •3.7% median cap rate is typical of appreciation-focused markets
- •At 31% positive cashflow rate, Chicago, IL requires selective property picks
- •Mid-to-upper tier market with properties from $64,900 to $549,900
- •Consider this market if your strategy favors equity growth with rental income covering holding costs