Easy Street Capital is proud to be a leading private lender for the Prairie State! We offer industry leading DSCR Loans for Illinois Real Estate Investors. Easy Street Capital is the investment property loan provider for real estate investors of all experience levels and specialties, including popular strategies such as Short Term Rentals, and the BRRRR Method! Our Illinois DSCR Loans are perfect rental loans for the long-term real estate investor looking for cash flow.

Check out the rest of this Illinois Investment Property Loans page for all the information you need on our loan programs. Check out recently funded rental loans in the Land of Lincoln, information on all of our loan programs, FAQs, market analysis and more!

Real Estate investors considering investing in rental properties are honing in on Illinois. The Land of Lincoln is a potentially great option for real estate investors due to multiple factors including is robust economy and population! Despite being right in the middle in terms of land size in the United States (25th largest state), it ranks #5 in GDP and #6 in population! Easy Street Capital is proud to be a leading provider of loans for rental properties in Illinois!

Types of Loans for Illinois Real Estate Investors

When it comes to real estate investing in Illinois, there are many markets and types of rental property loans to choose from. For investors that like to get their hands dirty, rehabbing run down or unloved properties, hard money renovation loans are a perfect choice! These loans allow you to buy a property quickly and finance your rehab costs as well! Once you are done, you can either “flip” the property for a quick profit or pursue the BRRRR Strategy by renting it out and then refinancing into a long-term, low-rate DSCR loan!

EasyFix EasyRent

Long-term DSCR Loans are also great for investing in turnkey rental properties. Turnkey refers to properties that are rent-ready and require no renovations. Move-in ready single family homes and fully furnished short term are great for cash flow and price appreciation. Most DSCR Loans are fixed rate for thirty years, locking you into a fixed interest rate for the long-term. While, if historical patterns continue, rents and appreciation increase steadily each year. Bottom line, debt costs stay the same while cash flow increases!

One of the favorite metrics of real estate investors to spot profitable markets is the Rent-To-Income Ratio. The Rent-To-Income ratio measures a city’s average market rent against its median household income. The higher the Rent-To-Income ratio, the harder it is for renters to afford the prevailing rents in the city. Conversely, if the Rent-To-Income ratio of a market is lower than average, it means there is a large pool of potential renters for rental properties. Additionally, if the city is growing, it means that rents have room to increase significantly, meaning more cash flow and profits for landlords that lock in their debt payment costs for long-term periods by using DSCR Loans. Illinois has several markets with very attractive Rent-To-Income Ratios!

Where To Invest In Real Estate In Illinois

Some real estate investors have shied away from the Prairie State due to some troubling trends in the state’s largest city, Chicago. Sky-high Cook county property taxes, rising crime rates and tenant-friendly regulations have caused some concern on investors in the Windy City.

However, outside of Chicago, there are some great potential cities for loans for rental properties throughout the state. Springfield is the capital of the state and has an estimated population over 120,000. Naperville is the fourth largest city in the state and located just 30 miles west of Chicago. Aurora has nearly a population of 200,000 and is known for historic architecture. Champaign is home to the state’s flagship university, the University of Illinois. Rockford, known as the “Forest City” is a hidden gem vacation destination on the banks of the Rock River.

Illinois is a great state for rental properties for savvy investors searching for the best Rent-To-Income ratios. According to research conducted by The National Association of Realtors, Illinois boasts two of the top 10 “hottest” markets in 2024. Investors looking for rental properties in cities with robust room for rent growth should check out Springfield and Rockford.

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Are you a Property Manager, Full-Scale Mortgage Broker (including Conventional, Non-QM) or Investor-Friendly Real Estate Agent in Illinois? We are looking for trusted professionals in Illinois to refer our investor borrowers too! Comment or DM me to discuss, and we can potentially feature you on our website!