Real Estate Investing in Chicago, Illinois (60626)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60626 (Chicago, IL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
What’s happening in Chicago, IL (60626)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60626 Chicago
Investors eyeing 60626 need to respect the fundamentals at play. Home values of $275K come alongside slower price movement and elevated management overhead.
The 60626 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within IL, ZIP 60626 trails on several market indicators that neighboring Cook County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Who lives in 60626 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 60626 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 60626
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $165,081 | $1,780 | 7.8% | +7.3% | $165,081 |
| 2BR | $240,414 | $2,000 | 6.0% | +6.9% | $120,207 |
| 3BR | $359,258 | $2,580 | 5.2% | +6.5% | $119,753 |
| 4BR | $601,302 | $2,980 | 3.6% | +4.9% | $150,325 |
| 5BR | $786,602 | — | — | +6.3% | $157,320 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60626 Compare?
| Metric | 60626 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $274,918 | $345,093 | $279,761 |
| 5-Year CAGR | 6.7% | 2.6% | 6.6% |
| Avg Rent | $1,752 | $2,056 | - |
| Cap Rate | 5.0% | 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 60626 (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 | $274,918 |
| Monthly Rent | $1,752 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +9.3% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.0%). 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 60626
Population: 50,027
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 60626
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Chute Middle School
Courtenay Elem Language Arts Ctr
Dawes Elementary School
Lincoln Elem School
McCutcheon 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
Does a duplex house hack pencil in Chicago, IL?
Chicago, IL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,752/mo rent level.
What is the investability score for Chicago, IL?
Chicago, IL scores 3.0/5 for investability. Home values sit at $275K and rents near $1,752/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do home values compare in Chicago, IL?
Chicago, IL home values average about $275K. That price point suits investors targeting rentals with $1,752/mo in monthly income.
Is Chicago, IL a friendly market for rental owners?
Landlord-friendliness in Chicago, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much is rent in Chicago, IL?
Investors in Chicago, IL typically see rents near $1,752/mo per month against $275K home values - a solid setup for rental cash flow.
You know 60626 now. You don’t know where it ranks.
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How 60626 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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