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

Mokena, IL has a median modeled monthly cash flow of $-1,379 and a median cap rate of 3.1%, on a median sold price of $462,000. Prices changed +5.0% year over year.

What is the average cap rate in Mokena, IL?

The median cap rate across recently sold homes in Mokena, IL is 3.1%, 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 $462,000 (about $200 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.

$462,000Median sold price

$200Median $/sqft

3.1%Median cap rate

$-1,379Modeled cash flow / mo

+5.0%Appreciation YoY

7.1Months of supply

145Active listings

245Sold (last 12 mo)

What the Mokena numbers say

In Mokena, IL, the median home sold for $462,000 (about $200 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-1,379 of monthly cash flow. Sold prices moved +5.0% over the past year. Inventory sits at about 7.1 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 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.