Real Estate Investing in Maywood, Illinois (60153)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60153 (Maywood, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.0% of homes vacant — above national norms.
What’s happening in Maywood, IL (60153)?
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Market Analysis: 60153 Maywood
Investors eyeing 60153 need to respect the fundamentals at play. Home values of $262K come alongside slower price movement and elevated management overhead.
On balance, the numbers look inviting — $262K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60153 is substantial and deserves full respect.
Within IL, ZIP 60153 trails on several market indicators that neighboring Cook County submarkets outperform. The gap is real and notable enough to shape underwriting.
The demographic picture in 60153 includes headwinds that any investor should price in. Income distribution skews lower than Maywood averages, and tenant stability requires active management.
The right play in 60153 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 Maywood:
Property Strategy for 60153
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $195,236 | $1,520 | 5.6% | +7.0% | $97,618 |
| 3BR | $230,049 | $1,960 | 6.1% | +5.8% | $76,683 |
| 4BR | $260,434 | $2,260 | 6.2% | +5.8% | $65,109 |
| 5BR | $302,172 | — | — | +5.5% | $60,434 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60153 Compare?
| Metric | 60153 | Maywood | Illinois |
|---|---|---|---|
| Home Value | $262,185 | $262,185 | $279,761 |
| 5-Year CAGR | 5.2% | 5.2% | 6.6% |
| Avg Rent | $1,519 | $1,519 | - |
| Cap Rate | 4.5% | 4.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60153 (Maywood, IL). Anonymous, moderated, never written by AI.
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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 | $262,185 |
| Monthly Rent | $1,519 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +15.0% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +9.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). 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 60153
Population: 23,173
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 60153
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 2,713 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How should investors approach Maywood, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Maywood, IL. With home values at $262K and rents near $1,519/mo, other strategies can work but produce steady rather than outsized returns.
How expensive is real estate in Maywood, IL?
In Maywood, IL the median home value sits at $262K. Against the broader IL market, that reads as reasonable for most investors.
Are there empty rentals in Maywood, IL?
Vacancy risk in Maywood, IL is elevated. That supports steady cash flow for typical rental holds.
How qualified is the tenant pool in Maywood, IL?
Working renters make up the core of the Maywood, IL tenant base. The pool is reasonable for investors targeting long-term holds.
What is the typical rental rate in Maywood, IL?
Rent in Maywood, IL is around $1,519/mo. The resulting rent-to-value relationship with $262K pricing is reasonable for most investor models.
You know 60153 now. You don’t know where it ranks.
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How 60153 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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