Real Estate Investing in Chicago, Illinois (60630)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60630 (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: 8.6% vacancy may signal weakening demand.
What’s happening in Chicago, IL (60630)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60630 Chicago
Investors eyeing 60630 need to respect the fundamentals at play. Home values of $428K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $428K asset, 60630 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 60630 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.
Demographically, 60630 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 60630 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 60630
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $174,328 | $1,630 | 6.7% | +6.0% | $174,328 |
| 2BR | $321,732 | $1,840 | 4.1% | +6.4% | $160,866 |
| 3BR | $403,410 | $2,370 | 4.2% | +5.5% | $134,470 |
| 4BR | $485,776 | $2,740 | 4.1% | +5.4% | $121,444 |
| 5BR | $551,696 | — | — | +5.5% | $110,339 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60630 Compare?
| Metric | 60630 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $428,022 | $345,093 | $279,761 |
| 5-Year CAGR | 5.3% | 2.6% | 6.6% |
| Avg Rent | $1,854 | $2,056 | - |
| Cap Rate | 3.4% | 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 60630 (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 | $428,022 |
| Monthly Rent | $1,854 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 60630
Population: 54,242
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 60630
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Lincoln Hall Middle School
Rutledge Hall Elem School
Solomon Elem School
Belding Elem School
Budlong 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 1,965 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Chicago in IL worth investing in?
With a 3.0/5 investability score, Chicago, IL ranks as a solid market for rental property investors. Median prices of $428K and rents of $1,854/mo drive the underlying numbers.
What is the median home value in Chicago, IL?
The median home value in Chicago, IL is roughly $428K. That puts it reasonable relative to the IL statewide average.
What is the smart move for investors in Chicago, IL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Chicago, IL. The numbers - $428K homes against $1,854/mo rents - support that play.
How quickly do rentals get leased in Chicago, IL?
Occupancy in Chicago, IL runs measured with elevated vacancy. Well-priced units at $1,854/mo lease on reasonable timelines.
Is Chicago, IL good for landlords?
Landlord-friendliness in Chicago, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 60630 now. You don’t know where it ranks.
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How 60630 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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