Real Estate Investing in Berwyn, Illinois (60402)
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Should you buy in 60402 (Berwyn, 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.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
What’s happening in Berwyn, IL (60402)?
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Market Analysis: 60402 Berwyn
ZIP 60402 inside Cook County looks affordable on the surface — median value of $316K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 60402 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 60402 sits on the difficult end of the IL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 60402 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 60402 is an operator game, not a passive one. From a cash-flow lens, entry prices of $316K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Berwyn:
Property Strategy for 60402
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $135,544 | $1,300 | 6.9% | +5.9% | $135,544 |
| 2BR | $256,232 | $1,460 | 4.1% | +7.0% | $128,116 |
| 3BR | $298,985 | $1,880 | 4.5% | +6.0% | $99,662 |
| 4BR | $353,866 | $2,170 | 4.4% | +5.6% | $88,466 |
| 5BR | $397,619 | — | — | +5.7% | $79,524 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60402 Compare?
| Metric | 60402 | Berwyn | Illinois |
|---|---|---|---|
| Home Value | $315,679 | $315,679 | $279,761 |
| 5-Year CAGR | 4.8% | 4.8% | 6.6% |
| Avg Rent | $1,410 | $1,410 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60402 (Berwyn, 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 | $315,679 |
| Monthly Rent | $1,410 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | -10.9% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +3.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 60402
Population: 63,867
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 60402
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
Frequently Asked Questions
How much do tenants pay in Berwyn, IL?
Investors in Berwyn, IL typically see rents near $1,410/mo per month against $316K home values - a solid setup for rental cash flow.
How deep is the rental pool in Berwyn, IL?
Berwyn, IL draws a measured base of working renters. Demand at the $1,410/mo rent level is reasonable for standard single-family and small multi rentals.
What is the typical home price in Berwyn, IL?
Median home price in Berwyn, IL is near $316K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What type of investing works in Berwyn, IL?
In Berwyn, IL the notable play is typically careful cash-flow rentals with hands-on management. The combination of $316K prices and $1,410/mo rents suits that approach.
Is Berwyn, IL good for landlords?
Berwyn, IL operates under IL law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
You know 60402 now. You don’t know where it ranks.
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How 60402 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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