Real Estate Investing in Chicago, Illinois (60660)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60660 (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.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
What’s happening in Chicago, IL (60660)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60660 Chicago
ZIP 60660 inside Cook County looks affordable on the surface — median value of $308K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 60660 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within IL, ZIP 60660 trails on several market indicators that neighboring Cook County submarkets outperform. The gap is real and notable enough to shape underwriting.
Employment concentration in 60660 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
leans 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 60660
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $178,423 | $1,910 | 7.7% | +5.6% | $178,423 |
| 2BR | $320,488 | $2,150 | 4.8% | +6.3% | $160,244 |
| 3BR | $489,199 | $2,770 | 4.1% | +6.6% | $163,066 |
| 4BR | $843,848 | $3,200 | 2.7% | +5.7% | $210,962 |
| 5BR | $1,158,072 | — | — | +5.4% | $231,614 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60660 Compare?
| Metric | 60660 | Chicago | Illinois |
|---|---|---|---|
| Home Value | $307,921 | $345,093 | $279,761 |
| 5-Year CAGR | 6.8% | 2.6% | 6.6% |
| Avg Rent | $1,883 | $2,056 | - |
| Cap Rate | 4.8% | 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 60660 (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 | $307,921 |
| Monthly Rent | $1,883 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +14.4% ▲ |
| 3-Year CAGR | +9.2% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | -3.3% ▼ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 60660
Population: 42,750
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 60660
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Chute Middle School
Courtenay Elem Language Arts Ctr
Dawes Elementary School
Kilmer Elem School
Lincoln Elem School
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 2,782 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Chicago, IL?
In Chicago, IL the median home value sits at $308K. Against the broader IL market, that reads as reasonable for most investors.
How strong is the working-renter base in Chicago, IL?
The renter base in Chicago, IL is reasonable for the $1,883/mo price point. Screening well and pricing to market typically yields consistent tenants.
How do landlord-tenant laws work in Chicago, IL?
IL law landlord-friendly for landlords, and Chicago inherits those rules. Investors should still review local ordinances for rental licensing.
What are rental rates like in Chicago, IL?
Rental rates in Chicago, IL average $1,883/mo. Tenant demand and $308K home values make the yield look reasonable by investor standards.
How does Chicago, IL rate as a rental market?
Chicago, IL scores 3.0/5 for investability. Home values sit at $308K and rents near $1,883/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 60660 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60660 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 60660 ranks in Chicago-Naperville-Elgin, IL-IN-WI
Every ZIP in this metro, ranked. Free.
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