Real Estate Investing in Northlake, Illinois (60164)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60164 (Northlake, 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 Northlake, IL (60164)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60164 Northlake
The 60164 ZIP covers a section of Northlake that demands careful diligence. Prices near $320K look accessible, but the work to make a deal cash flow is real.
Turning to rents, the numbers look inviting — $320K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60164 is substantial and deserves full respect.
In the broader IL picture, 60164 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 60164 includes headwinds that any investor should price in. Income distribution skews lower than Northlake averages, and tenant stability requires active management.
Distressed ZIPs reward experience. substantial returns are possible in 60164, 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 Northlake:
Property Strategy for 60164
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $120,773 | $1,230 | 7.3% | +5.0% | $120,773 |
| 2BR | $254,450 | $1,390 | 3.9% | +7.5% | $127,225 |
| 3BR | $295,790 | $1,790 | 4.4% | +7.4% | $98,597 |
| 4BR | $329,274 | $2,070 | 4.5% | +7.3% | $82,319 |
| 5BR | $351,068 | — | — | +6.8% | $70,214 |
Market Trends
Home Value History (with trend line)
📊 How Does 60164 Compare?
| Metric | 60164 | Northlake | Illinois |
|---|---|---|---|
| Home Value | $319,960 | $319,960 | $279,761 |
| 5-Year CAGR | 6.2% | 6.2% | 6.6% |
| Avg Rent | $1,251 | $1,251 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 60164 (Northlake, 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 | $319,960 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.1%). 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 60164
Population: 21,248
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 60164
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
Jefferson Elem School
Jefferson Primary 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
Can I live-in-and-rent in Northlake, IL?
House hacking in Northlake, IL is a challenging. With home values around $320K and rents at $1,251/mo, owner-occupants can offset a meaningful share of PITI.
How strict are landlord regulations in Northlake, IL?
Rental owners in Northlake, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What are home prices like in Northlake, IL?
Median home price in Northlake, IL is near $320K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How high is vacancy risk in Northlake, IL?
Northlake, IL carries elevated vacancy risk. Expect stable absorption at market rents of $1,251/mo.
What monthly rent should investors expect in Northlake, IL?
Average rent in Northlake, IL is approximately $1,251/mo per month. Against $320K home values that yields a reasonable rent-to-price ratio.
You know 60164 now. You don’t know where it ranks.
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How 60164 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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