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

Long Grove, IL has a median modeled monthly cash flow of $-4,249 and a median cap rate of 1.1%, on a median sold price of $912,500. Prices changed +2.0% year over year.

What is the average cap rate in Long Grove, IL?

The median cap rate across recently sold homes in Long Grove, IL is 1.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Long Grove, IL?

The median sold price in Long Grove, IL is $912,500 (about $234 per square foot).

Investing in Long Grove, IL Real Estate

A data-driven snapshot of the Long Grove, 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.

$912,500Median sold price

$234Median $/sqft

1.1%Median cap rate

$-4,249Modeled cash flow / mo

+2.0%Appreciation YoY

4.1Months of supply

42Active listings

124Sold (last 12 mo)

What the Long Grove numbers say

In Long Grove, IL, the median home sold for $912,500 (about $234 per square foot), and the typical deal models out to a 1.1% cap rate with a median $-4,249 of monthly cash flow. Sold prices moved +2.0% over the past year. Inventory sits at about 4.1 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 Long Grove cash-flowing listings

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