Real Estate Investing in Alsip, Illinois (60803)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60803 (Alsip, 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 Alsip, IL (60803)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60803 Alsip
The 60803 ZIP covers a section of Alsip that demands careful diligence. Prices near $270K look accessible, but the work to make a deal cash flow is real.
Looking more closely, the numbers look inviting — $270K purchase price, 0.0% nominal cap — the work to hit that pro forma in 60803 is substantial and deserves full respect.
The gap between 60803 and stronger Alsip ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A healthy renter share of 34% in 60803 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 60803 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 Alsip:
Property Strategy for 60803
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $189,278 | $1,380 | 5.2% | +9.6% | $94,639 |
| 3BR | $273,245 | $1,780 | 4.7% | +7.4% | $91,082 |
| 4BR | $310,454 | $2,060 | 4.8% | +6.5% | $77,613 |
| 5BR | $333,010 | — | — | +7.0% | $66,602 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60803 Compare?
| Metric | 60803 | Alsip | Illinois |
|---|---|---|---|
| Home Value | $269,990 | $269,990 | $279,761 |
| 5-Year CAGR | 5.6% | 5.6% | 6.6% |
| Avg Rent | $1,616 | $1,616 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 60803 (Alsip, 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 | $269,990 |
| Monthly Rent | $1,616 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 60803
Population: 22,089
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 60803
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Cassell Elem School
Vick Early Childhood & Family Ctr
Independence Jr High School
Palos East Elementary School
Kellar 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 expensive is real estate in Alsip, IL?
Expect median prices around $270K in Alsip, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
How deep is the rental pool in Alsip, IL?
Alsip, IL offers a reliable renter base at the $1,616/mo rent level. Tenant turnover is reasonable for well-managed properties.
Can I live-in-and-rent in Alsip, IL?
House hacking in Alsip, IL is reasonable to execute. Prices around $270K and rents of $1,616/mo solid owner-occupant economics.
How strong are rents in Alsip, IL?
Rents in Alsip, IL run near $1,616/mo. Compared with median home prices of $270K that produces solid gross yields for typical rentals.
Are eviction rules reasonable in Alsip, IL?
Landlord-friendliness in Alsip, IL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 60803 now. You don’t know where it ranks.
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How 60803 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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