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2026 State DSCR & Cap-Rate Intelligence Report ยท Illinois (IL) ยท leadslikecrazy.com

Illinois (IL) Rental Property DSCR, Tax & Cap-Rate Benchmark Report

Illinois Executive Underwriting Summary: Across 30 tracked Illinois investment markets, 1โ€“4 unit rental properties average $315,000 in acquisition price against $2,650/month in Form 1007 market rent (10.10% gross rental yield) and $1,580/door/month on 5โ€“25 unit multifamily assets. Investors underwriting Illinois DSCR loans must factor a 2.08% effective property tax rate (~$6,552/yr), $560/$100k hazard insurance (~$1,764/yr), and a Judicial (Illinois Mortgage Foreclosure Law) statutory framework (210โ€“300 days typical timeline).
1โ€“4u Base Price / Rent
$315,000 / $2,650
Gross Rental Yield
10.10% Annual
Tax & Hazard Escrow
2.08% Tax ยท $560/100k
Foreclosure & Timeline
Judicial (Illinois Mortgage Foreclosure Law) (210โ€“300 days)

Illinois City-by-City DSCR, Tax & Multifamily Benchmark Table (30 Markets)

City & CountyPopulation1โ€“4u Median PriceForm 1007 Median RentTax RateCity Desk
Chicago, IL (COOK County County)2,963,472$340,000$2,900/mo2%Open Chicago Hub โ†’
Aurora, IL (DUPAGE County County)217,960$360,000$3,000/mo2.08%Open Aurora Hub โ†’
Rockford, IL (WINNEBAGO County County)163,774$325,000$2,750/mo1.91%Open Rockford Hub โ†’
Joliet, IL (WILL County County)161,109$315,000$2,700/mo2.04%Open Joliet Hub โ†’
Naperville, IL (DUPAGE County County)157,902$350,000$2,950/mo2.2%Open Naperville Hub โ†’
Springfield, IL (SANGAMON County County)127,537$280,000$2,400/mo2.04%Open Springfield Hub โ†’
Peoria, IL (PEORIA County County)126,999$315,000$2,600/mo2.2%Open Peoria Hub โ†’
Elgin, IL (KANE County County)120,058$310,000$2,600/mo2.16%Open Elgin Hub โ†’
Waukegan, IL (LAKE County County)96,820$320,000$2,650/mo2.08%Open Waukegan Hub โ†’
Cicero, IL (COOK County County)91,672$300,000$2,550/mo2.08%Open Cicero Hub โ†’
Champaign, IL (CHAMPAIGN County County)90,932$300,000$2,500/mo2.04%Open Champaign Hub โ†’
Bloomington, IL (MCLEAN County County)86,003$280,000$2,400/mo2.04%Open Bloomington Hub โ†’
Arlington Heights, IL (COOK County County)82,833$300,000$2,550/mo2.08%Open Arlington Heights Hub โ†’
Evanston, IL (COOK County County)82,371$315,000$2,600/mo2.2%Open Evanston Hub โ†’
Schaumburg, IL (COOK County County)81,649$330,000$2,700/mo2.16%Open Schaumburg Hub โ†’
Decatur, IL (MACON County County)81,434$315,000$2,650/mo2.25%Open Decatur Hub โ†’
Bolingbrook, IL (WILL County County)80,590$325,000$2,700/mo2.12%Open Bolingbrook Hub โ†’
Palatine, IL (COOK County County)75,592$320,000$2,650/mo2.08%Open Palatine Hub โ†’
Skokie, IL (COOK County County)71,042$330,000$2,700/mo2.16%Open Skokie Hub โ†’
Des Plaines, IL (COOK County County)64,221$300,000$2,550/mo2.08%Open Des Plaines Hub โ†’
Orland Park, IL (COOK County County)63,863$300,000$2,500/mo2.04%Open Orland Park Hub โ†’
Tinley Park, IL (COOK County County)62,437$320,000$2,650/mo2.08%Open Tinley Park Hub โ†’
Oak Lawn, IL (COOK County County)62,210$290,000$2,450/mo1.96%Open Oak Lawn Hub โ†’
Berwyn, IL (COOK County County)61,866$320,000$2,650/mo2.08%Open Berwyn Hub โ†’
Mount Prospect, IL (COOK County County)59,700$295,000$2,500/mo2%Open Mount Prospect Hub โ†’
Normal, IL (MCLEAN County County)59,584$320,000$2,650/mo2.08%Open Normal Hub โ†’
Wheaton, IL (DUPAGE County County)58,476$325,000$2,700/mo2.12%Open Wheaton Hub โ†’
Hoffman Estates, IL (COOK County County)57,114$315,000$2,600/mo2.2%Open Hoffman Estates Hub โ†’
Oak Park, IL (COOK County County)56,752$290,000$2,450/mo1.91%Open Oak Park Hub โ†’
Downers Grove, IL (DUPAGE County County)54,140$315,000$2,650/mo2.25%Open Downers Grove Hub โ†’

Related Illinois Underwriting & Deal Team Hubs

Illinois (IL) 2026 DSCR, Cap Rate & Rental Market Intelligence Report | leadslikecrazy.com