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

Grayslake, IL has a median modeled monthly cash flow of $-1,008 and a median cap rate of 3.1%, on a median sold price of $375,000. Prices changed +2.3% year over year.

What is the average cap rate in Grayslake, IL?

The median cap rate across recently sold homes in Grayslake, IL is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Grayslake, IL?

The median sold price in Grayslake, IL is $375,000 (about $198 per square foot).

Investing in Grayslake, IL Real Estate

A data-driven snapshot of the Grayslake, 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.

$375,000Median sold price

$198Median $/sqft

3.1%Median cap rate

$-1,008Modeled cash flow / mo

+2.3%Appreciation YoY

6.7Months of supply

158Active listings

283Sold (last 12 mo)

What the Grayslake numbers say

In Grayslake, IL, the median home sold for $375,000 (about $198 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-1,008 of monthly cash flow. Sold prices moved +2.3% over the past year. Inventory sits at about 6.7 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 Grayslake cash-flowing listings

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