Real Estate Investing in Niles, Illinois (60714)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60714 (Niles, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Niles, IL (60714)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60714 Niles
Stepping back, ZIP 60714 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $421K median. It rewards specialists, not generalists.
Stepping back, the numbers look inviting — $421K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60714 is substantial and deserves full respect.
Looking more closely, 60714 offers a low basis, the region around Niles has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 60714 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
appears to 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 Niles:
Property Strategy for 60714
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $184,143 | $1,380 | 5.4% | +6.7% | $184,143 |
| 2BR | $322,865 | $1,560 | 3.5% | +7.2% | $161,433 |
| 3BR | $397,573 | $2,010 | 3.6% | +6.6% | $132,524 |
| 4BR | $514,341 | $2,320 | 3.2% | +6.0% | $128,585 |
| 5BR | $635,253 | — | — | +5.9% | $127,051 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60714 Compare?
| Metric | 60714 | Niles | Illinois |
|---|---|---|---|
| Home Value | $421,170 | $421,170 | $279,761 |
| 5-Year CAGR | 6.4% | 6.4% | 6.6% |
| Avg Rent | $2,199 | $2,199 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60714 (Niles, 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 | $421,170 |
| Monthly Rent | $2,199 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 60714
Population: 30,463
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 60714
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Edison Park Elem School
Fairview South Elementary School
Franklin Elementary School
George B Carpenter Elem School
Melzer 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
Frequently Asked Questions
How qualified is the tenant pool in Niles, IL?
Expect a solid tenant pool in Niles, IL. The rental market absorbs $2,199/mo rents without meaningful friction.
Are eviction rules reasonable in Niles, IL?
For rental operators, Niles, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How do home values compare in Niles, IL?
Homes in Niles, IL typically sell near $421K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How much do tenants pay in Niles, IL?
Rent in Niles, IL is around $2,199/mo. The resulting rent-to-value relationship with $421K pricing is reasonable for most investor models.
Does Niles, IL make sense for an investment property?
The 3.0/5 investability rating in Niles, IL reflects its $421K prices and $2,199/mo rents. Investors generally consider it a solid option within IL.
You know 60714 now. You don’t know where it ranks.
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How 60714 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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