Real Estate Investing in Chicago, Illinois (60634)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60634 (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.
No major risk flags on the data we track.
What’s happening in Chicago, IL (60634)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60634 Chicago
In practical terms, ZIP 60634 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $383K median. It rewards specialists, not generalists.
The investment case in 60634 is substantial only for operators who understand what they are buying. A $383K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 60634 sits on the difficult end of the IL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Put differently, 74,418 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.
Distressed ZIPs reward experience. notable returns are possible in 60634, 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 60634
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $179,345 | $1,490 | 6.0% | +5.6% | $179,345 |
| 2BR | $301,338 | $1,680 | 4.0% | +5.6% | $150,669 |
| 3BR | $357,468 | $2,160 | 4.4% | +5.1% | $119,156 |
| 4BR | $415,888 | $2,500 | 4.3% | +4.9% | $103,972 |
| 5BR | $459,434 | — | — | +5.0% | $91,887 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60634 Compare?
| Metric | 60634 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $383,429 | $345,093 | $279,761 |
| 5-Year CAGR | 4.5% | 2.6% | 6.6% |
| Avg Rent | $1,821 | $2,056 | - |
| Cap Rate | 3.7% | 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 60634 (Chicago, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60634 (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 | $383,429 |
| Monthly Rent | $1,821 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | -8.8% ▼ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +4.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 60634
Population: 74,418
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 60634
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 4,029 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Chicago, IL?
In Chicago, IL the median home value sits at $383K. Against the broader IL market, that reads as reasonable for most investors.
Is it easy to find good tenants in Chicago, IL?
Working renters make up the core of the Chicago, IL tenant base. The pool is reasonable for investors targeting long-term holds.
What do rentals go for in Chicago, IL?
Rent in Chicago, IL is around $1,821/mo. The resulting rent-to-value relationship with $383K pricing is reasonable for most investor models.
What real estate strategy is ideal for Chicago, IL?
A careful cash-flow rentals with hands-on management strategy Chicago, IL best. The market produces even-keeled results for that approach at the $383K price point.
How landlord-friendly is Chicago, IL?
For rental operators, Chicago, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 60634 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60634 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 60634 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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