Real Estate Investing in Chicago, Illinois (60614)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60614 (Chicago, IL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
What’s happening in Chicago, IL (60614)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60614 Chicago
ZIP 60614 inside Cook County looks affordable on the surface — median value of $684K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $684K asset, 60614 is the wrong submarket. If the plan prices in friction, the yield can still work.
Stepping back, 60614 offers a low basis, the region around Chicago has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A solid renter share of 55% in 60614 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Chicago's stable or hybrid ZIPs before stepping into 60614. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Chicago:
Property Strategy for 60614
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $294,335 | $2,370 | 5.8% | +3.9% | $294,335 |
| 2BR | $555,720 | $2,670 | 3.5% | +4.1% | $277,860 |
| 3BR | $894,697 | $3,440 | 2.8% | +4.0% | $298,232 |
| 4BR | $1,498,803 | $3,980 | 1.9% | +3.4% | $374,701 |
| 5BR | $2,577,197 | — | — | +3.8% | $515,439 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60614 Compare?
| Metric | 60614 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $684,050 | $345,093 | $279,761 |
| 5-Year CAGR | 4.7% | 2.6% | 6.6% |
| Avg Rent | $2,826 | $2,056 | - |
| Cap Rate | 3.2% | 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 60614 (Chicago, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60614 (Chicago, IL)?
~25 seconds · no account needed · your report is anonymous
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 | $684,050 |
| Monthly Rent | $2,826 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +2.8% ▲ |
🏠 Rent Trends
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 60614
Population: 70,444
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 60614
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Chase Elem School
Chopin Elem School
De Diego Elem Community Academy
Funston Elem School
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
Frequently Asked Questions
What is the average home sale price in Chicago, IL?
Homes in Chicago, IL typically sell near $684K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
How qualified is the tenant pool in Chicago, IL?
Tenant demand in Chicago, IL is solid. The local workforce $2,826/mo rents across most rental classes.
How quickly do rentals get leased in Chicago, IL?
Expect elevated vacancy in Chicago, IL. Rents at $2,826/mo are absorbed by the tenant base without meaningful lag.
Is Chicago, IL good for landlords?
IL law landlord-friendly for landlords, and Chicago inherits those rules. Investors should still review local ordinances for rental licensing.
Can owner-occupants cash flow in Chicago, IL?
House hacking works a challenging in Chicago, IL. Rents of $2,826/mo against $684K acquisition make the strategy solid for owner-occupants.
You know 60614 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60614 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 60614 ranks in Chicago-Naperville-Elgin, IL-IN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 60614 (Chicago)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 60614 (Chicago, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.