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

Chicago Ridge, IL has a median modeled monthly cash flow of $-351 and a median cap rate of 4.4%, on a median sold price of $214,500. Prices changed +2.9% 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 4.4%, 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 $214,500 (about $178 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.

$214,500Median sold price

$178Median $/sqft

4.4%Median cap rate

$-351Modeled cash flow / mo

+2.9%Appreciation YoY

6.8Months of supply

89Active listings

158Sold (last 12 mo)

What the Chicago Ridge numbers say

In Chicago Ridge, IL, the median home sold for $214,500 (about $178 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-351 of monthly cash flow. Sold prices moved +2.9% over the past year. Inventory sits at about 6.8 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 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.