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

Chicago, IL has a median modeled monthly cash flow of $-367 and a median cap rate of 5.2%, on a median sold price of $376,000. Prices changed +4.1% year over year.

What is the average cap rate in Chicago, IL?

The median cap rate across recently sold homes in Chicago, IL is 5.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Chicago, IL?

The median sold price in Chicago, IL is $376,000 (about $278 per square foot).

Investing in Chicago, IL Real Estate

A data-driven snapshot of the Chicago, 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.

$376,000Median sold price

$278Median $/sqft

5.2%Median cap rate

$-367Modeled cash flow / mo

+4.1%Appreciation YoY

0.0Months of supply

11Active listings

19,569Sold (last 12 mo)

What the Chicago numbers say

In Chicago, IL, the median home sold for $376,000 (about $278 per square foot), and the typical deal models out to a 5.2% cap rate with a median $-367 of monthly cash flow. Sold prices moved +4.1% over the past year. Inventory sits at about 0.0 months of supply — a tight, seller-friendly market. 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 Chicago cash-flowing listings

CashFlowRE ranks every for-sale home in Chicago, 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 Chicago deals, or browse the national market data.