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

Morton Grove, IL has a median modeled monthly cash flow of $-1,290 and a median cap rate of 3.5%, on a median sold price of $470,000. Prices changed +9.0% year over year.

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

The median cap rate across recently sold homes in Morton Grove, IL is 3.5%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Morton Grove, IL is $470,000 (about $278 per square foot).

Investing in Morton Grove, IL Real Estate

A data-driven snapshot of the Morton 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.

$470,000Median sold price

$278Median $/sqft

3.5%Median cap rate

$-1,290Modeled cash flow / mo

+9.0%Appreciation YoY

1.8Months of supply

34Active listings

230Sold (last 12 mo)

What the Morton Grove numbers say

In Morton Grove, IL, the median home sold for $470,000 (about $278 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-1,290 of monthly cash flow. Sold prices moved +9.0% over the past year. Inventory sits at about 1.8 months of supply — a tight, seller-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 Morton Grove cash-flowing listings

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