Real Estate Investing in Berkeley, Illinois (60163)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60163 (Berkeley, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Berkeley, IL (60163)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60163 Berkeley
This part of Cook County is not an easy win. The 60163 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
On the rental side, the numbers look inviting — $311K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60163 is substantial and deserves full respect.
The gap between 60163 and stronger Berkeley ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 60163 includes headwinds that any investor should price in. Income distribution skews lower than Berkeley averages, and tenant stability requires active management.
Distressed ZIPs reward experience. sturdy returns are possible in 60163, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Berkeley:
Property Strategy for 60163
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $256,422 | $1,410 | 4.0% | +7.8% | $128,211 |
| 3BR | $288,481 | $1,820 | 4.5% | +7.2% | $96,160 |
| 4BR | $327,947 | $2,100 | 4.6% | +6.1% | $81,987 |
Market Trends
Home Value History (with trend line)
📊 How Does 60163 Compare?
| Metric | 60163 | Berkeley | Illinois |
|---|---|---|---|
| Home Value | $310,990 | $310,990 | $279,761 |
| 5-Year CAGR | 6.2% | 6.2% | 6.6% |
| Avg Rent | $1,269 | $1,269 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 60163 (Berkeley, 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 | $310,990 |
| Monthly Rent | $1,269 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.2%). 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 60163
Population: 5,205
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 60163
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Churchville Middle School
Conrad Fischer Elem School
Grant Elem School
Hillside Elem School
J W Riley Intermediate School
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 strong is the working-renter base in Berkeley, IL?
Berkeley, IL offers a measured renter base at the $1,269/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the investability score for Berkeley, IL?
The 3.0/5 investability rating in Berkeley, IL reflects its $311K prices and $1,269/mo rents. Investors generally consider it a solid option within IL.
Are landlord laws favorable in Berkeley, IL?
For rental operators, Berkeley, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much is rent in Berkeley, IL?
Average rent in Berkeley, IL is approximately $1,269/mo per month. Against $311K home values that yields a reasonable rent-to-price ratio.
Is Berkeley, IL a good market for FHA house hackers?
House hacking in Berkeley, IL is a challenging. With home values around $311K and rents at $1,269/mo, owner-occupants can offset a meaningful share of PITI.
You know 60163 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60163 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 60163 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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