Real Estate Investing in Chicago, Illinois (60633)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60633 (Chicago, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.9% vacancy may signal weakening demand.
- Higher unemployment: 7.5% unemployment — tenant risk signal.
What’s happening in Chicago, IL (60633)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60633 Chicago
The 60633 ZIP covers a section of Chicago that demands careful diligence. Prices near $193K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $193K asset, 60633 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within IL, ZIP 60633 trails on several market indicators that neighboring Cook County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Meanwhile, 12,485 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Chicago:
Property Strategy for 60633
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $136,824 | $1,450 | 7.6% | +8.5% | $68,412 |
| 3BR | $197,577 | $1,870 | 6.8% | +8.1% | $65,859 |
| 4BR | $224,111 | $2,160 | 6.9% | +6.5% | $56,028 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60633 Compare?
| Metric | 60633 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $192,612 | $345,093 | $279,761 |
| 5-Year CAGR | 4.4% | 2.6% | 6.6% |
| Avg Rent | $1,536 | $2,056 | - |
| Cap Rate | 6.2% | 5.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60633 (Chicago, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60633 (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 | $192,612 |
| Monthly Rent | $1,536 |
| Price-to-Rent | 10.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.6% |
| Cap Rate | 6.2% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.2%). 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 60633
Population: 12,485
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 60633
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 1,905 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Chicago, IL?
Rental rates in Chicago, IL average $1,536/mo. Tenant demand and $193K home values make the yield look reasonable by investor standards.
What type of investing works in Chicago, IL?
A careful cash-flow rentals with hands-on management strategy Chicago, IL best. The market produces predictable results for that approach at the $193K price point.
How quickly do rentals get leased in Chicago, IL?
Chicago, IL carries elevated vacancy risk. Expect stable absorption at market rents of $1,536/mo.
Where do home prices stand in Chicago, IL?
Chicago, IL median home values land near $193K. That is reasonable territory for investors looking at $1,536/mo-per-month rentals.
How does Chicago, IL rate as a rental market?
Chicago, IL scores 3.0/5 for investability. Home values sit at $193K and rents near $1,536/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 60633 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60633 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 60633 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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