Real Estate Investing in Chicago, Illinois (60611)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60611 (Chicago, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.7% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.1% CAGR).
What’s happening in Chicago, IL (60611)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60611 Chicago
Investors eyeing 60611 need to respect the fundamentals at play. Home values of $366K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 60611 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 60611's metrics run below Cook County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 60611 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 60611 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 Chicago:
Property Strategy for 60611
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $283,814 | $2,370 | 6.0% | -0.3% | $283,814 |
| 2BR | $543,444 | $2,670 | 3.5% | -0.5% | $271,722 |
| 3BR | $1,082,160 | $3,440 | 2.3% | -0.6% | $360,720 |
| 4BR | $1,630,480 | $3,980 | 1.8% | -2.0% | $407,620 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60611 Compare?
| Metric | 60611 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $366,119 | $345,093 | $279,761 |
| 5-Year CAGR | 1.1% | 2.6% | 6.6% |
| Avg Rent | $2,833 | $2,056 | - |
| Cap Rate | 6.0% | 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 60611 (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 | $366,119 |
| Monthly Rent | $2,833 |
| Price-to-Rent | 10.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.3% |
| Cap Rate | 6.0% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +1.1% ▲ |
| 10-Year CAGR | -0.4% ▼ |
🏠 Rent Trends
| 1-Year | -4.1% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +2.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.0%). 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 60611
Population: 36,036
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 60611
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Newberry Elem Math & Science Acad
Ogden Int High School
Otis Elem School
Lozano Elem Bilingual & Intl Ctr
Chicago World Language Academy
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
Is Chicago, IL a good place for real estate investing?
Yes - Chicago, IL a 3.0/5 investability score. With $366K home prices against $2,833/mo monthly rent, the market delivers a reasonable entry point for new investors.
What are rental rates like in Chicago, IL?
Average rent in Chicago, IL is approximately $2,833/mo per month. Against $366K home values that yields a reasonable rent-to-price ratio.
Are eviction rules reasonable in Chicago, IL?
Chicago, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the best play in Chicago, IL?
For Chicago, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are tenants stable in Chicago, IL?
Working renters make up the core of the Chicago, IL tenant base. The pool is reasonable for investors targeting long-term holds.
You know 60611 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60611 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 60611 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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