Real Estate Investing in Palos Park, Illinois (60464)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60464 (Palos 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.
- High vacancy: 12.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Palos Park, IL (60464)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60464 Palos Park
This part of Cook County is not an easy win. The 60464 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $2,034/mo on a $558K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60464 sits below the stated 0.0% once reality is priced in.
Regionally, 60464 sits on the difficult end of the IL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 60464 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Palos Park's stable or hybrid ZIPs before stepping into 60464. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Palos Park:
Property Strategy for 60464
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $282,612 | $2,260 | 5.8% | +6.8% | $141,306 |
| 3BR | $428,631 | $2,900 | 4.9% | +6.3% | $142,877 |
| 4BR | $581,915 | $3,420 | 4.2% | +7.2% | $145,479 |
| 5BR | $734,122 | — | — | +6.6% | $146,824 |
Market Trends
Home Value History (with trend line)
📊 How Does 60464 Compare?
| Metric | 60464 | Palos Park | Illinois |
|---|---|---|---|
| Home Value | $557,797 | $557,797 | $279,761 |
| 5-Year CAGR | 6.5% | 6.5% | 6.6% |
| Avg Rent | $2,034 | $2,034 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 60464 (Palos 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 | $557,797 |
| Monthly Rent | $2,034 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.8%). 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 60464
Population: 9,889
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 60464
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Oak Ridge Elem School
Amos Alonzo Stagg High School
Dr Kenneth M Sorrick 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 2,485 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Palos Park, IL?
The median home value in Palos Park, IL is roughly $558K. That puts it reasonable relative to the IL statewide average.
Should investors worry about vacancy in Palos Park, IL?
Vacancy in Palos Park, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,034/mo.
How do experienced investors play Palos Park, IL?
The best-fit strategy in Palos Park, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How viable is house hacking in Palos Park, IL?
The house hack math a challenging in Palos Park, IL. Owner-occupant buyers benefit from the $2,034/mo rents and $558K home values.
Are tenants stable in Palos Park, IL?
Working renters make up the core of the Palos Park, IL tenant base. The pool is reasonable for investors targeting long-term holds.
You know 60464 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60464 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 60464 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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