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

Chicago Ridge, IL has a median modeled monthly cash flow of $-344 and a median cap rate of 4.3%, on a median sold price of $240,000. Prices changed +6.0% year over year.

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

The median cap rate across recently sold homes in Chicago Ridge, IL is 4.3%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Chicago Ridge, IL is $240,000 (about $184 per square foot).

Investing in Chicago Ridge, IL Real Estate

A data-driven snapshot of the Chicago Ridge, 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.

$240,000Median sold price

$184Median $/sqft

4.3%Median cap rate

$-344Modeled cash flow / mo

+6.0%Appreciation YoY

10.0Months of supply

122Active listings

147Sold (last 12 mo)

What the Chicago Ridge numbers say

In Chicago Ridge, IL, the median home sold for $240,000 (about $184 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-344 of monthly cash flow. Sold prices moved +6.0% over the past year. Inventory sits at about 10.0 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 Ridge cash-flowing listings

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