Real Estate Investing in Chicago, Illinois (60613)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60613 (Chicago, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.3% vacancy may signal weakening demand.
What’s happening in Chicago, IL (60613)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60613 Chicago
The 60613 ZIP in Chicago, IL is a local-operator market. Outside capital chasing a $364K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 60613 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 60613 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, 60613 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.
Experienced landlords with local relationships tend to find 60613 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Chicago:
Property Strategy for 60613
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $216,421 | $2,340 | 7.8% | +4.3% | $216,421 |
| 2BR | $383,426 | $2,640 | 5.0% | +4.4% | $191,713 |
| 3BR | $645,804 | $3,400 | 3.8% | +5.0% | $215,268 |
| 4BR | $1,148,943 | $3,930 | 2.5% | +4.0% | $287,236 |
| 5BR | $1,889,978 | — | — | +5.1% | $377,996 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60613 Compare?
| Metric | 60613 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $363,973 | $345,093 | $279,761 |
| 5-Year CAGR | 5.2% | 2.6% | 6.6% |
| Avg Rent | $2,393 | $2,056 | - |
| Cap Rate | 5.1% | 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 60613 (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 | $363,973 |
| Monthly Rent | $2,393 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +15.5% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 Rent Trends
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +8.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). 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 60613
Population: 51,334
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 60613
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Alcott College Prep
Cleveland Elem School
Courtenay Elem Language Arts Ctr
Disney II Magnet HS
Jahn Elem 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 2,133 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Chicago, IL for real estate investors?
The 3.0/5 investability rating in Chicago, IL reflects its $364K prices and $2,393/mo rents. Investors generally consider it a solid option within IL.
How much rent can I charge in Chicago, IL?
Expect rents around $2,393/mo per month in Chicago, IL. With home values at $364K, the yield math works out to reasonable levels for rental investors.
What is the best play in Chicago, IL?
In Chicago, IL the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $364K prices and $2,393/mo rents suits that approach.
What does house hacking look like in Chicago, IL?
House hacking in Chicago, IL is a challenging. With home values around $364K and rents at $2,393/mo, owner-occupants can offset a meaningful share of PITI.
What kind of vacancy should I budget for in Chicago, IL?
Chicago, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
You know 60613 now. You don’t know where it ranks.
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How 60613 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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