Real Estate Investing in Chicago, Illinois (60639)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60639 (Chicago, IL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
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 (60639)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60639 Chicago
The 60639 ZIP in Chicago, IL is a local-operator market. Outside capital chasing a $337K entry has to pair deep knowledge with the discount.
For an experienced owner, 60639 can be a a strong candidate for hunting ground — but the discount at $337K reflects genuine risk that outside investors often underestimate.
On balance, 60639 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.
The demographic picture in 60639 includes headwinds that any investor should price in. Income distribution skews lower than Chicago averages, and tenant stability requires active management.
The 60639 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 60639
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $264,511 | $1,560 | 4.2% | +4.7% | $132,255 |
| 3BR | $307,412 | $2,010 | 4.7% | +4.5% | $102,471 |
| 4BR | $352,744 | $2,320 | 4.7% | +4.8% | $88,186 |
| 5BR | $392,125 | — | — | +5.1% | $78,425 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60639 Compare?
| Metric | 60639 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $336,750 | $345,093 | $279,761 |
| 5-Year CAGR | 3.5% | 2.6% | 6.6% |
| Avg Rent | $1,726 | $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 60639 (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 | $336,750 |
| Monthly Rent | $1,726 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +7.4% ▲ |
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 60639
Population: 84,505
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 60639
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 IL a landlord-friendly state?
IL ranks as a landlord-friendly state for landlord-tenant law. Chicago generally follows the statewide framework, so landlords face reasonable operating rules.
Is Chicago in IL worth investing in?
Chicago, IL scores 3.0/5 for investability. Home values sit at $337K and rents near $1,726/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is it easy to find good tenants in Chicago, IL?
Tenant quality in Chicago, IL ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,726/mo.
Can I house hack in Chicago, IL?
House hacking in Chicago, IL is a challenging. With home values around $337K and rents at $1,726/mo, owner-occupants can offset a meaningful share of PITI.
What price range are homes in Chicago, IL?
Homes in Chicago, IL typically sell near $337K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
You know 60639 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60639 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 60639 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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