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
3.2%
Avg Cash on Cash
-9.6%
Median Cashflow
-$956/mo
Avg Rent Estimate
$2,535/mo
Avg Price
$325,300
Price Range
$64,900 - $549,900
Rent to Price
0.78%
okay ratio
Positive Cashflow
17%
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 3.2%, 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 -$956 with an average estimated nightly-rate-adjusted revenue of $2,535/month. These figures reflect real property data, not projections.
6705 N Sacramento Ave, Chicago, IL 60645
Price
$450,000
Rent
$1,949
CachFlow
-$1,600
CoC
-17.07
Chicago, IL Airbnb Market Insights
- •Median cashflow is -$956/month — careful deal selection is essential here
- •3.2% median cap rate is typical of appreciation-focused markets
- •At 17% 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