Real Estate Investing in Chicago, Illinois (60610)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60610 (Chicago, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.1% of homes vacant — above national norms.
What’s happening in Chicago, IL (60610)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60610 Chicago
From an investor standpoint, ZIP 60610 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $398K median. It rewards specialists, not generalists.
Rent of $3,000/mo on a $398K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60610 sits below the stated 0.0% once reality is priced in.
In the broader IL picture, 60610 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 60610 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. impressive returns are possible in 60610, 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 Chicago:
Property Strategy for 60610
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $271,121 | $2,370 | 6.3% | +1.3% | $271,121 |
| 2BR | $481,380 | $2,670 | 4.0% | +1.3% | $240,690 |
| 3BR | $871,943 | $3,440 | 2.8% | +0.9% | $290,648 |
| 4BR | $1,367,830 | $3,980 | 2.1% | -0.6% | $341,958 |
| 5BR | $2,620,437 | — | — | +1.2% | $524,087 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60610 Compare?
| Metric | 60610 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $398,379 | $345,093 | $279,761 |
| 5-Year CAGR | 2.2% | 2.6% | 6.6% |
| Avg Rent | $3,000 | $2,056 | - |
| Cap Rate | 5.9% | 5.1% | - |
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 60610 (Chicago, 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 | $398,379 |
| Monthly Rent | $3,000 |
| Price-to-Rent | 11.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.9% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +0.5% ▲ |
🏠 Rent Trends
| 1-Year | +12.3% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +6.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.9%). 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 60610
Population: 45,282
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 60610
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Chopin Elem School
De Diego Elem Community Academy
Jahn Elem School
Newberry Elem Math & Science Acad
Ogden Int High 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 1,488 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Chicago, IL?
The typical rental in Chicago, IL commands about $3,000/mo monthly. That rent profile consistent cash flow against the $398K purchase basis.
What is the typical vacancy rate in Chicago, IL?
Vacancy risk in Chicago, IL is elevated. That supports predictable cash flow for typical rental holds.
What is the investability score for Chicago, IL?
Chicago, IL scores 3.0/5 for investability. Home values sit at $398K and rents near $3,000/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are landlord laws favorable in Chicago, IL?
IL ranks as a landlord-friendly state for landlord-tenant law. Chicago generally follows the statewide framework, so landlords face reasonable operating rules.
How do experienced investors play Chicago, IL?
Most investors in Chicago, IL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 60610 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60610 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 60610 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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