Real Estate Investing in Chicago, Illinois (60636)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60636 (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.
- High vacancy: 21.3% of homes vacant — above national norms.
- Elevated poverty: 29.3% poverty rate — can affect rent collection.
- Higher unemployment: 10.4% unemployment — tenant risk signal.
- Lower household income: $30,451 median — tenant affordability is tighter.
What’s happening in Chicago, IL (60636)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60636 Chicago
Investors eyeing 60636 need to respect the fundamentals at play. Home values of $142K come alongside slower price movement and elevated management overhead.
From a cash-flow lens, the numbers look inviting — $142K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60636 is substantial and deserves full respect.
ZIP 60636's metrics run below Cook County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 60636 ZIP's population of 31,007 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategy in 60636 is an operator game, not a passive one. Put differently, entry prices of $142K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Chicago:
Property Strategy for 60636
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $102,417 | $1,320 | 9.3% | +10.4% | $51,208 |
| 3BR | $130,031 | $1,700 | 9.4% | +10.0% | $43,344 |
| 4BR | $150,070 | $1,970 | 9.5% | +11.4% | $37,517 |
| 5BR | $192,588 | — | — | +12.5% | $38,518 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60636 Compare?
| Metric | 60636 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $141,968 | $345,093 | $279,761 |
| 5-Year CAGR | 5.7% | 2.6% | 6.6% |
| Avg Rent | $1,373 | $2,056 | - |
| Cap Rate | 7.5% | 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 60636 (Chicago, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 60636 (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 | $141,968 |
| Monthly Rent | $1,373 |
| Price-to-Rent | 8.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.6% |
| Cap Rate | 7.5% |
| 5-Year IRR | 13.3% |
📈 Home Appreciation
| 1-Year | +11.9% ▲ |
| 3-Year CAGR | +8.8% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +13.3% ▲ |
🏠 Rent Trends
| 1-Year | -5.4% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.5%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60636
Population: 31,007
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 60636
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 2,388 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Chicago, IL?
Typical homes in Chicago, IL go for around $142K. The 5-year CAGR of 0.0% stable price movement.
How deep is the rental pool in Chicago, IL?
The tenant pool in Chicago, IL is solid, supported by local employment and population fundamentals. Rents of $1,373/mo are well-absorbed by the market.
How landlord-friendly is Chicago, IL?
Landlord-friendliness in Chicago, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Chicago in IL worth investing in?
Our data puts Chicago, IL at 3.0/5 for investability. Home prices of $142K and rents around $1,373/mo create a solid backdrop for investor activity.
Does house hacking make sense in Chicago, IL?
House hacking works a challenging in Chicago, IL. Rents of $1,373/mo against $142K acquisition make the strategy solid for owner-occupants.
You know 60636 now. You don’t know where it ranks.
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How 60636 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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