Real Estate Investing in Chicago, Illinois (60619)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60619 (Chicago, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.0% of homes vacant — above national norms.
- Declining values: -0.7% 5-year CAGR — values have moved lower.
- Elevated poverty: 20.5% poverty rate — can affect rent collection.
- Higher unemployment: 9.1% unemployment — tenant risk signal.
What’s happening in Chicago, IL (60619)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60619 Chicago
ZIP 60619 inside Cook County looks affordable on the surface — median value of $171K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,450/mo on a $171K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 60619 sits below the stated 0.0% once reality is priced in.
In the broader IL picture, 60619 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 60619 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 60619 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Chicago:
Property Strategy for 60619
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $116,599 | $1,450 | 9.0% | +3.0% | $58,299 |
| 3BR | $164,644 | $1,870 | 8.2% | +2.6% | $54,881 |
| 4BR | $212,505 | $2,160 | 7.3% | +3.2% | $53,126 |
| 5BR | $247,685 | — | — | +3.8% | $49,537 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60619 Compare?
| Metric | 60619 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $170,535 | $345,093 | $279,761 |
| 5-Year CAGR | N/A | 2.6% | 6.6% |
| Avg Rent | $1,450 | $2,056 | - |
| Cap Rate | 6.6% | 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 60619 (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 | $170,535 |
| Monthly Rent | $1,450 |
| Price-to-Rent | 9.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.2% |
| Cap Rate | 6.6% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | -0.7% ▼ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +6.8% ▲ |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60619
Population: 59,892
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 60619
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 1,565 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Chicago, IL?
Median home price in Chicago, IL is near $171K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
How qualified is the tenant pool in Chicago, IL?
Tenant demand in Chicago, IL is solid. The local workforce $1,450/mo rents across most rental classes.
Can I house hack in Chicago, IL?
House hacking in Chicago, IL is reasonable to execute. Prices around $171K and rents of $1,450/mo solid owner-occupant economics.
What do rentals go for in Chicago, IL?
Investors in Chicago, IL typically see rents near $1,450/mo per month against $171K home values - a solid setup for rental cash flow.
What is the rental occupancy rate in Chicago, IL?
Vacancy in Chicago, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,450/mo.
You know 60619 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60619 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 60619 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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