Real Estate Investing in Schiller Park, Illinois (60176)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60176 (Schiller Park, 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.
No major risk flags on the data we track.
What’s happening in Schiller Park, IL (60176)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60176 Schiller Park
Not every below-median market is a bargain. Schiller Park's 60176 ZIP comes in at signals that favor experienced operators who can absorb the risk $318K pricing implies.
Rent of $1,550/mo on a $318K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60176 sits below the stated 0.0% once reality is priced in.
In the broader IL picture, 60176 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Stepping back, 11,454 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 60176 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 Schiller Park:
Property Strategy for 60176
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $142,640 | $1,400 | 7.1% | +7.9% | $142,640 |
| 2BR | $215,218 | $1,580 | 5.3% | +7.8% | $107,609 |
| 3BR | $326,478 | $2,030 | 4.5% | +7.4% | $108,826 |
| 4BR | $387,337 | $2,350 | 4.4% | +6.4% | $96,834 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60176 Compare?
| Metric | 60176 | Schiller Park | Illinois |
|---|---|---|---|
| Home Value | $318,257 | $318,257 | $279,761 |
| 5-Year CAGR | 6.4% | 6.4% | 6.6% |
| Avg Rent | $1,550 | $1,550 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 60176 (Schiller Park, 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 | $318,257 |
| Monthly Rent | $1,550 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 60176
Population: 11,454
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 60176
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Passow Elementary School
Rhodes Elem School
Beard Elem School
Dan H Pietrini Elem School
North Elem 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 4,029 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the smart move for investors in Schiller Park, IL?
In Schiller Park, IL the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $318K prices and $1,550/mo rents suits that approach.
Is Schiller Park, IL good for landlords?
Schiller Park, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is the tenant base reliable in Schiller Park, IL?
Tenant demand in Schiller Park, IL is solid. The local workforce $1,550/mo rents across most rental classes.
How viable is house hacking in Schiller Park, IL?
The house hack math a challenging in Schiller Park, IL. Owner-occupant buyers benefit from the $1,550/mo rents and $318K home values.
Is Schiller Park, IL a good market for buy-and-hold investors?
Investors tracking Schiller Park, IL will find a 3.0/5 rating supported by $318K median home values and $1,550/mo rents. That profile suits long-term holders targeting even-keeled returns.
You know 60176 now. You don’t know where it ranks.
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How 60176 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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