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

North Chicago, IL has a median modeled monthly cash flow of $-319 and a median cap rate of 4.8%, on a median sold price of $253,325. Prices changed +12.7% year over year.

What is the average cap rate in North Chicago, IL?

The median cap rate across recently sold homes in North Chicago, IL is 4.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in North Chicago, IL?

The median sold price in North Chicago, IL is $253,325 (about $190 per square foot).

Investing in North Chicago, IL Real Estate

A data-driven snapshot of the North Chicago, 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.

$253,325Median sold price

$190Median $/sqft

4.8%Median cap rate

$-319Modeled cash flow / mo

+12.7%Appreciation YoY

6.8Months of supply

59Active listings

104Sold (last 12 mo)

What the North Chicago numbers say

In North Chicago, IL, the median home sold for $253,325 (about $190 per square foot), and the typical deal models out to a 4.8% cap rate with a median $-319 of monthly cash flow. Sold prices moved +12.7% over the past year. Inventory sits at about 6.8 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 North Chicago cash-flowing listings

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