Real Estate Investing in Chicago, Illinois (60629)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60629 (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.
- Higher unemployment: 8.5% unemployment — tenant risk signal.
What’s happening in Chicago, IL (60629)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60629 Chicago
This part of Cook County is not an easy win. The 60629 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 60629 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 60629 sits on the difficult end of the IL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 60629 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. solid returns are possible in 60629, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Chicago:
Property Strategy for 60629
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $234,079 | $1,360 | 4.2% | +6.4% | $117,039 |
| 3BR | $259,657 | $1,750 | 4.9% | +6.5% | $86,552 |
| 4BR | $290,562 | $2,030 | 5.0% | +5.9% | $72,640 |
| 5BR | $315,442 | — | — | +5.7% | $63,088 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60629 Compare?
| Metric | 60629 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $274,136 | $345,093 | $279,761 |
| 5-Year CAGR | 4.2% | 2.6% | 6.6% |
| Avg Rent | $1,405 | $2,056 | - |
| Cap Rate | 4.0% | 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 60629 (Chicago, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60629 (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 | $274,136 |
| Monthly Rent | $1,405 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +6.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 60629
Population: 109,292
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 60629
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 2,512 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?
House hacking in Chicago, IL is reasonable to execute. Prices around $274K and rents of $1,405/mo solid owner-occupant economics.
What kind of vacancy should I budget for in Chicago, IL?
Expect elevated vacancy in Chicago, IL. Rents at $1,405/mo are absorbed by the tenant base without meaningful lag.
Are eviction rules reasonable in Chicago, IL?
Rental owners in Chicago, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How much rent can I charge in Chicago, IL?
Average rent in Chicago, IL is approximately $1,405/mo per month. Against $274K home values that yields a reasonable rent-to-price ratio.
How qualified is the tenant pool in Chicago, IL?
Chicago, IL draws a reliable base of working renters. Demand at the $1,405/mo rent level is reasonable for standard single-family and small multi rentals.
You know 60629 now. You don’t know where it ranks.
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How 60629 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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