Real Estate Investing in Chicago, Illinois (60621)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60621 (Chicago, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 28.1% of homes vacant — above national norms.
- Elevated poverty: 30.2% poverty rate — can affect rent collection.
- Higher unemployment: 10.7% unemployment — tenant risk signal.
- Lower household income: $30,163 median — tenant affordability is tighter.
What’s happening in Chicago, IL (60621)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60621 Chicago
Investors scanning Chicago, IL for forced-equity plays often land on the 60621 ZIP. A a strong candidate for entry near $126K pairs with rents of $1,584/mo to widen the renovation window.
BRRRR works in 60621 because the math supports it. Buy at $126K, rehab, and the refinance step typically recovers capital in a way that flat-yield markets cannot match.
The a solid fit for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 60621 has not.
The 60621 ZIP's demographic trend has been one of stability with upside — population of 27,318, steady renter share, and an incoming cohort that is willing to pay for improved units.
ZIP 60621 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Chicago:
Property Strategy for 60621
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $85,484 | $1,330 | 11.2% | +9.0% | $42,742 |
| 3BR | $108,942 | $1,710 | 11.3% | +8.0% | $36,314 |
| 4BR | $129,195 | $1,980 | 11.0% | +8.0% | $32,299 |
| 5BR | $156,194 | — | — | +11.2% | $31,239 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60621 Compare?
| Metric | 60621 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $125,693 | $345,093 | $279,761 |
| 5-Year CAGR | 3.9% | 2.6% | 6.6% |
| Avg Rent | $1,584 | $2,056 | - |
| Cap Rate | 9.8% | 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 60621 (Chicago, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60621 (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 | $125,693 |
| Monthly Rent | $1,584 |
| Price-to-Rent | 6.6:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 15.1% |
| Cap Rate | 9.8% |
| 5-Year IRR | 13.8% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +8.9% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +10.4% ▲ |
🏠 Rent Trends
| 1-Year | -2.7% ▼ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | N/A |
The estimated cap rate (9.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60621
Population: 27,318
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 60621
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 1,192 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do experienced investors play Chicago, IL?
The best-fit strategy in Chicago, IL is value-add and BRRRR deals. That approach the rent and price profile of the market.
Does Chicago, IL meet the 1% rule for rental property?
The median property in Chicago, IL ($126K at $1,584/mo rent) a 1.26% rent-to-price figure. Pure 1% deals require disciplined offer pricing.
Is Chicago, IL a good place for real estate investing?
Chicago, IL comes in at an investability rating of 5.0/5, with median home values near $126K and average rents around $1,584/mo. That combination puts it in the durable tier for investor interest.
How do BRRRR numbers look in Chicago, IL?
BRRRR viability in Chicago, IL is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
Does a duplex house hack pencil in Chicago, IL?
For house hackers, Chicago, IL is an attractive. The $1,584/mo rent on a unit helps defray the mortgage on a $126K property.
You know 60621 now. You don’t know where it ranks.
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How 60621 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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