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

Western Springs, IL has a median modeled monthly cash flow of $-3,344 and a median cap rate of 2.0%, on a median sold price of $900,000. Prices changed +2.3% year over year.

What is the average cap rate in Western Springs, IL?

The median cap rate across recently sold homes in Western Springs, IL is 2.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Western Springs, IL?

The median sold price in Western Springs, IL is $900,000 (about $359 per square foot).

Investing in Western Springs, IL Real Estate

A data-driven snapshot of the Western Springs, 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.

$900,000Median sold price

$359Median $/sqft

2.0%Median cap rate

$-3,344Modeled cash flow / mo

+2.3%Appreciation YoY

4.5Months of supply

75Active listings

201Sold (last 12 mo)

What the Western Springs numbers say

In Western Springs, IL, the median home sold for $900,000 (about $359 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-3,344 of monthly cash flow. Sold prices moved +2.3% over the past year. Inventory sits at about 4.5 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 Western Springs cash-flowing listings

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