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

Mokena, IL has a median modeled monthly cash flow of $-1,377 and a median cap rate of 2.9%, on a median sold price of $445,000. Prices changed +3.1% year over year.

What is the average cap rate in Mokena, IL?

The median cap rate across recently sold homes in Mokena, IL is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mokena, IL?

The median sold price in Mokena, IL is $445,000 (about $198 per square foot).

Investing in Mokena, IL Real Estate

A data-driven snapshot of the Mokena, 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.

$445,000Median sold price

$198Median $/sqft

2.9%Median cap rate

$-1,377Modeled cash flow / mo

+3.1%Appreciation YoY

4.7Months of supply

95Active listings

245Sold (last 12 mo)

What the Mokena numbers say

In Mokena, IL, the median home sold for $445,000 (about $198 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-1,377 of monthly cash flow. Sold prices moved +3.1% over the past year. Inventory sits at about 4.7 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 Mokena cash-flowing listings

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