Real Estate Investing in Chicago, Illinois (60643)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60643 (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: 8.0% vacancy may signal weakening demand.
What’s happening in Chicago, IL (60643)?
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Market Analysis: 60643 Chicago
Investors eyeing 60643 need to respect the fundamentals at play. Home values of $237K come alongside slower price movement and elevated management overhead.
On the rental side, the numbers look inviting — $237K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60643 is substantial and deserves full respect.
In the broader IL picture, 60643 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 60643 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 60643 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Chicago:
Property Strategy for 60643
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $137,573 | $1,680 | 8.8% | +5.1% | $68,786 |
| 3BR | $202,997 | $2,160 | 7.7% | +3.8% | $67,666 |
| 4BR | $344,668 | $2,500 | 5.2% | +4.6% | $86,167 |
| 5BR | $419,677 | — | — | +4.8% | $83,935 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60643 Compare?
| Metric | 60643 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $236,727 | $345,093 | $279,761 |
| 5-Year CAGR | 2.1% | 2.6% | 6.6% |
| Avg Rent | $1,997 | $2,056 | - |
| Cap Rate | 6.6% | 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 60643 (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 | $236,727 |
| Monthly Rent | $1,997 |
| Price-to-Rent | 9.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.1% |
| Cap Rate | 6.6% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | -17.6% ▼ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). 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 60643
Population: 47,802
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 60643
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 2,761 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Chicago, IL?
Median home price in Chicago, IL is near $237K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
How strong is the working-renter base in Chicago, IL?
The tenant pool in Chicago, IL is solid, supported by local employment and population fundamentals. Rents of $1,997/mo are well-absorbed by the market.
How does Chicago, IL rate as a rental market?
With a 3.0/5 investability score, Chicago, IL ranks as a solid market for rental property investors. Median prices of $237K and rents of $1,997/mo drive the underlying numbers.
What are vacancy rates like in Chicago, IL?
Occupancy in Chicago, IL runs even-keeled with elevated vacancy. Well-priced units at $1,997/mo lease on reasonable timelines.
Is Chicago, IL better for rentals, flips, or BRRRR?
In Chicago, IL the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $237K prices and $1,997/mo rents suits that approach.
You know 60643 now. You don’t know where it ranks.
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How 60643 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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