Real Estate Investing in Elk Grove Village, Illinois (60007)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60007 (Elk Grove Village, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Elk Grove Village, IL (60007)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60007 Elk Grove Village
Investors eyeing 60007 need to respect the fundamentals at play. Home values of $405K come alongside slower price movement and elevated management overhead.
Turning to rents, the numbers look inviting — $405K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60007 is substantial and deserves full respect.
Within IL, ZIP 60007 trails on several market indicators that neighboring Cook County submarkets outperform. The gap is real and robust enough to shape underwriting.
The 60007 ZIP's population of 32,485 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
The right play in 60007 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Elk Grove Village:
Property Strategy for 60007
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $176,151 | $1,770 | 7.2% | +8.6% | $176,151 |
| 2BR | $281,313 | $1,990 | 5.1% | +9.8% | $140,657 |
| 3BR | $380,403 | $2,560 | 4.8% | +7.6% | $126,801 |
| 4BR | $461,879 | $2,960 | 4.6% | +7.0% | $115,470 |
| 5BR | $533,466 | — | — | +6.8% | $106,693 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60007 Compare?
| Metric | 60007 | Elk Grove Village | Illinois |
|---|---|---|---|
| Home Value | $404,882 | $404,882 | $279,761 |
| 5-Year CAGR | 6.8% | 6.8% | 6.6% |
| Avg Rent | $1,758 | $1,758 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60007 (Elk Grove Village, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60007 (Elk Grove Village, IL)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Cook County
Manage rentals here? List your business →American Property Management of Illinois, Inc. (Associa) provides comprehensive HOA and condominium management services in Chicago and surrounding areas. summary from their website
Blackhawk Realty Management, LLC provides professional property management and real estate services for its multifamily apartment portfolio, founded in 2004. summary from their website
Buckingham Property Management, Inc. offers apartment rentals and management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $404,882 |
| Monthly Rent | $1,758 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60007
Population: 32,485
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 60007
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,905 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Elk Grove Village, IL?
Rental rates in Elk Grove Village, IL average $1,758/mo. Tenant demand and $405K home values make the yield look reasonable by investor standards.
What are vacancy rates like in Elk Grove Village, IL?
Vacancy in Elk Grove Village, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,758/mo.
Is real estate in Elk Grove Village, IL a good investment right now?
Elk Grove Village, IL scores 3.0/5 for investability. Home values sit at $405K and rents near $1,758/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the smart move for investors in Elk Grove Village, IL?
In Elk Grove Village, IL the significant play is typically careful cash-flow rentals with hands-on management. The combination of $405K prices and $1,758/mo rents suits that approach.
Are tenants stable in Elk Grove Village, IL?
Elk Grove Village, IL draws a stable base of working renters. Demand at the $1,758/mo rent level is reasonable for standard single-family and small multi rentals.
You know 60007 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60007 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 60007 ranks in Chicago-Naperville-Elgin, IL-IN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 60007 (Elk Grove Village)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 60007 (Elk Grove Village, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.