Real Estate Investing in Chicago, Illinois (60612)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60612 (Chicago, IL)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.5% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
What’s happening in Chicago, IL (60612)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60612 Chicago
ZIP 60612 inside Cook County looks affordable on the surface — median value of $386K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $2,410/mo on a $386K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60612 sits below the stated 0.0% once reality is priced in.
Regionally, 60612 sits on the difficult end of the IL spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Turning to rents, 34,699 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.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Chicago:
Property Strategy for 60612
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $251,561 | $1,630 | 4.7% | +3.4% | $251,561 |
| 2BR | $314,774 | $1,840 | 4.2% | +2.6% | $157,387 |
| 3BR | $367,514 | $2,370 | 4.6% | +2.4% | $122,505 |
| 4BR | $571,840 | $2,740 | 3.4% | +3.7% | $142,960 |
| 5BR | $736,140 | — | — | +3.9% | $147,228 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60612 Compare?
| Metric | 60612 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $385,918 | $345,093 | $279,761 |
| 5-Year CAGR | 1.3% | 2.6% | 6.6% |
| Avg Rent | $2,410 | $2,056 | - |
| Cap Rate | 4.9% | 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 60612 (Chicago, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60612 (Chicago, IL)?
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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 | $385,918 |
| Monthly Rent | $2,410 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +13.2% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 Rent Trends
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 60612
Population: 34,699
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 60612
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
Investor Insight: With 5,794 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Chicago, IL?
Median home price in Chicago, IL is near $386K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What is the average monthly rent in Chicago, IL?
Rent in Chicago, IL is around $2,410/mo. The resulting rent-to-value relationship with $386K pricing is reasonable for most investor models.
How strict are landlord regulations in Chicago, IL?
Rental owners in Chicago, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Which real estate strategy fits Chicago, IL?
The best-fit strategy in Chicago, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How deep is the rental pool in Chicago, IL?
The tenant pool in Chicago, IL is solid, supported by local employment and population fundamentals. Rents of $2,410/mo are well-absorbed by the market.
You know 60612 now. You don’t know where it ranks.
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How 60612 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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