Real Estate Investing in Elmwood Park, Illinois (60707)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60707 (Elmwood Park, 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 Elmwood Park, IL (60707)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60707 Elmwood Park
On the rental side, ZIP 60707 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $357K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $357K asset, 60707 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader IL picture, 60707 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 60707 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 60707 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 Elmwood Park:
Property Strategy for 60707
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $136,411 | $1,480 | 7.8% | +4.7% | $136,411 |
| 2BR | $264,864 | $1,670 | 4.5% | +6.2% | $132,432 |
| 3BR | $347,591 | $2,150 | 4.5% | +4.9% | $115,864 |
| 4BR | $400,132 | $2,490 | 4.5% | +4.9% | $100,033 |
| 5BR | $442,664 | — | — | +4.9% | $88,533 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60707 Compare?
| Metric | 60707 | Elmwood Park | Illinois |
|---|---|---|---|
| Home Value | $357,468 | $357,468 | $279,761 |
| 5-Year CAGR | 4.3% | 4.3% | 6.6% |
| Avg Rent | $1,711 | $1,711 | - |
| Cap Rate | 3.7% | 3.7% | - |
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 60707 (Elmwood Park, 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 | $357,468 |
| Monthly Rent | $1,711 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | -3.3% ▼ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | N/A |
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 60707
Population: 40,897
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 60707
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Chicago Academy High School
Kelvyn Park High School
Lovett Elem School
Rhodes Elem School
Roosevelt 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 4,029 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Elmwood Park, IL?
Investors in Elmwood Park, IL typically see rents near $1,711/mo per month against $357K home values - a solid setup for rental cash flow.
Is Elmwood Park, IL a friendly market for rental owners?
For rental operators, Elmwood Park, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Does Elmwood Park, IL make sense for an investment property?
The 3.0/5 investability rating in Elmwood Park, IL reflects its $357K prices and $1,711/mo rents. Investors generally consider it a solid option within IL.
What is the best play in Elmwood Park, IL?
For Elmwood Park, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What kind of vacancy should I budget for in Elmwood Park, IL?
Occupancy in Elmwood Park, IL runs measured with elevated vacancy. Well-priced units at $1,711/mo lease on reasonable timelines.
You know 60707 now. You don’t know where it ranks.
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How 60707 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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