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

Chicago Heights, IL has a median modeled monthly cash flow of $87 and a median cap rate of 6.8%, on a median sold price of $197,000. Prices changed +8.0% year over year.

What is the average cap rate in Chicago Heights, IL?

The median cap rate across recently sold homes in Chicago Heights, IL is 6.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Chicago Heights, IL?

The median sold price in Chicago Heights, IL is $197,000 (about $149 per square foot).

Investing in Chicago Heights, IL Real Estate

#208 cash-flow market in the U.S.

A data-driven snapshot of the Chicago Heights, 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.

$197,000Median sold price

$149Median $/sqft

6.8%Median cap rate

$87Modeled cash flow / mo

+8.0%Appreciation YoY

9.6Months of supply

176Active listings

219Sold (last 12 mo)

What the Chicago Heights numbers say

In Chicago Heights, IL, the median home sold for $197,000 (about $149 per square foot), and the typical deal models out to a 6.8% cap rate with a median $87 of monthly cash flow. Sold prices moved +8.0% over the past year. Inventory sits at about 9.6 months of supply — a looser, buyer-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 Heights cash-flowing listings

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