Is Channel Lake, IL a good place to invest in rental property?

Channel Lake, IL has a median modeled monthly cash flow of $-670 and a median cap rate of 3.5%, on a median sold price of $305,000. Prices changed +0.7% year over year.

What is the average cap rate in Channel Lake, IL?

The median cap rate across recently sold homes in Channel Lake, IL is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Channel Lake, IL?

The median sold price in Channel Lake, IL is $305,000 (about $210 per square foot).

Investing in Channel Lake, IL Real Estate

A data-driven snapshot of the Channel Lake, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$305,000Median sold price

$210Median $/sqft

3.5%Median cap rate

$-670Modeled cash flow / mo

+0.7%Appreciation YoY

6.6Months of supply

26Active listings

47Sold (last 12 mo)

What the Channel Lake numbers say

In Channel Lake, IL, the median home sold for $305,000 (about $210 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-670 of monthly cash flow. Sold prices moved +0.7% over the past year. Inventory sits at about 6.6 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Channel Lake cash-flowing listings

CashFlowRE ranks every for-sale home in Channel Lake, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Channel Lake deals, or browse the national market data.