Chicago Investment Analysis

Investment Property in Chicago, IL

Discover Investment Performance Rent Prices Top Properties Attractions Insights

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Chicago

Real estate investing in Chicago is more lucrative than most people might think. Airbnb has to proved to be a great channel in providing returns in this pricey city. The market analysis shows the great opportunities in renting out entire investment properties as oppose to individual rooms on Airbnb.

Chicago has similar real estate market trends as other big cities, such as New York City, but the property prices are less than half of New York City. The average rent to home price ratio is higher in Chicago than in other parts of the country, and the Chicago metro area continues to see increasing rent rates. This opens up great real estate investing opportunities because housing is cheaper in Chicago and rent is increasing. There is such a high demand from students and employees from various industries, making buy-and-holds optimal. Tourism also drives a demand for short-term rentals.

Chicago is one of the few cities that has an abundant supply of multi-family homes, which have low selling prices and high rental rates, making positive cash-flow very feasible.

Chicago, IL Real Estate Investment Performance

PROPERTY SALE PRICE

$ 379,000

Median

1,837

Avg/Sq.ft.

CASH ON CASH RETURN

3.00%

Traditional

3.00%

Airbnb

RENTAL INCOME

$ 2,363

Traditional

$ 3,643

Airbnb

RENTAL INCOME

$ 2,363

Traditional

$ 3,643

Airbnb

NUMBER OF PROPERTIES

5,610

Investment

55,047

Airbnb

10,068

Traditional

67%

Airbnb occupancy rate

Chicago, IL Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,974	$ 2,638	$ 3,420	$ 4,885
Traditional	$ 1,378	$ 1,749	$ 2,319	$ 3,093

Airbnb

1 ROOM	$ 1,974
2 ROOMS	$ 2,638
3 ROOMS	$ 3,420
4 ROOMS	$ 4,885

Traditional

1 ROOM	$ 1,378
2 ROOMS	$ 1,749
3 ROOMS	$ 2,319
4 ROOMS	$ 3,093

Predict Short-Term Rental Revenue

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Investment Properties for Sale in Chicago, IL

$151,000

MLS 11935781

6340 N Artesian Avenue #GC, Chicago, IL 60659

West Rogers Park

Single Family Residential

2 beds 2 baths 700 sq.ft.

CAP RATE Trad. 6.24% Airbnb 10.33%

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
PEKIN	$127,000	10%	8%	$1,511	$1,891	29	70%
Naperville	$675,000	3%	4%	$3,534	$4,461	287	70%
Springfield	$158,500	7%	11%	$1,698	$2,648	127	68%
SKOKIE	$392,500	4%	4%	$2,656	$3,588	60	68%
Elgin	$409,000	4%	6%	$2,845	$4,131	155	64%
WOOD DALE	$345,000	4%	7%	$2,484	$4,883	17	64%
LAKE IN THE HILLS	$339,900	4%	7%	$2,626	$4,792	32	64%
Palatine	$272,450	4%	5%	$2,227	$3,674	66	63%
Carol Stream	$370,000	4%	8%	$2,599	$4,425	27	63%
ELMWOOD PARK	$319,000	4%	4%	$2,333	$2,772	25	62%
Lombard	$382,450	4%	6%	$2,549	$4,421	52	62%
BERWYN	$350,000	4%	4%	$2,279	$3,097	47	62%
WHEELING	$274,000	4%	4%	$2,391	$3,144	29	62%
WADSWORTH	$604,900	2%	6%	$3,000	$6,259	17	62%
Park Forest	$175,000	7%	11%	$2,240	$3,567	77	60%
Machesney Park	$185,000	6%	6%	$1,639	$1,980	19	60%
Oswego	$430,000	4%	5%	$2,873	$2,925	69	60%
Mundelein	$374,950	4%	2%	$2,669	$2,991	32	60%
Bellwood	$219,250	6%	8%	$2,108	$3,564	16	60%
Bartlett	$400,000	4%	6%	$3,198	$4,264	39	59%

$ 379,000

Median

1,837

Avg/Sq.ft.

3.00%

Traditional

3.00%

Airbnb

$ 2,363

Traditional

$ 3,643

Airbnb

$ 2,363

Traditional

$ 3,643

Airbnb

5,610

Investment

55,047

Airbnb

10,068

Traditional

67%

Airbnb occupancy rate

Star of Siam

8.3

Millennium Park

9.5

Jay Pritzker Pavilion

9.2

Cloud Gate by Anish Kapoor (2004)

8.9

Crown Fountain

8.8

The Modern Wing

8.7

The Art Institute of Chicago

9.5

Tiffany Dome

8.8

Chicago Cultural Center

9

Harris Theater

8.6

Symphony Center (Chicago Symphony Orchestra)

9.5

Millennium Park Welcome Center

8.1

Thorne Miniature Rooms

8.2

Maggie Daley Park

9.3

Grant Park - Butler Field

9

Broadway In Chicago

8.9

Millennium Monument in Wrigley Square

7.7

Hamilton The Musical

9.1

CIBC Theatre

8.8

The Chicago Theatre

9.5

The Joffrey Ballet

8.6

Gene Siskel Film Center

9

James M. Nederlander Theatre

9.1

Petrillo Music Shell

7.8

Chicago Design Museum

7.9

Joffrey Academy of Dance

7.9

Impressionism Fashion & Modernity

7.3

Daley Plaza Picasso

8.3