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The term 'Airbnb' is used on our site in a colloquial sense, akin to saying 'I am going to Airbnb it.' This usage is intended to refer broadly to the concept of short-term rentals and not specifically to the Airbnb platform or services. Airbnb, Inc. is not affiliated with Chalet, nor does it endorse or sponsor our services. We use the term in this generalized manner to easily convey the idea of participating in short-term rental activities, recognizing 'Airbnb' as a term familiar to many in this context.
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Airbnb Market Analytics & Investment Insights
Annual Revenue
$40,293
Based on 27 full time Airbnb rentals
Average Daily Rate
$266
Gross Yield
16%
Occupancy Rate
43%
Get matched with top Chicago, IL realtors who specialize in short-term rentals — they know which neighborhoods actually cash flow and which to avoid.
Discover the leading hosts in Chicago, IL ranked by guest ratings and active listings. These hosts combine scale with exceptional guest satisfaction, setting the benchmark for success.
Blueground leads the market with 358 active listings and maintains an exceptional 4.54 average guest rating.
Cloud9 leads the market with 78 active listings and maintains an exceptional 4.89 average guest rating.
Milan leads the market with 68 active listings and maintains an exceptional 4.96 average guest rating.
These top performers serve as benchmarks for what drives success in Chicago, IL's competitive short-term rental scene. Their strategies combine operational efficiency with outstanding guest experiences, making them the gold standard for aspiring hosts and property managers in the area.
10 hosts available
Based on our data, the average annual revenue for Airbnb properties in 60602 is $40,293. However, this can vary depending on factors such as property type, location, and amenities.
60602 shows promising potential for Airbnb investments. With an average occupancy rate of 43% and a gross yield of 16%, it ranks among U.S. markets for short-term rental investments.
Airbnb can be quite profitable in 60602. The average daily rate is$266, and with an occupancy rate of 43%, properties here have the potential for significant returns.
The current Airbnb regulation status in Chicago, IL is Investor-friendly. However, regulations can change, so it's important to stay updated on local laws and ordinances. For more detailed information, please check our Chicago, IL short-term rental regulations page.
The average occupancy rate for short-term rentals in Chicago, IL is 43%. This rate can fluctuate based on seasonality and other market factors.
While not strictly necessary, working with a realtor who specializes in short-term rentals can be highly beneficial in Chicago, IL. They can provide valuable insights into the local market, help you find properties with the best investment potential, and navigate local regulations. To connect with experienced Airbnb friendly realtors in Chicago, IL, visit our .
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.