ZIP CODE 60614 // CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI // DATA AS OF 2026-09-30
Chicago, IL (60614) Rental Property Cap Rate & Cash Flow Report
Located in Cook County (Chicago, IL), Zip Code 60614 ranks #429 of 500 within this selected sample (14th percentile) with a Zillow ZHVI typical home-value index of $682,500 (+10.6% YoY) and a ZORI observed market rent of $2,869/mo (+9.3% YoY). Requires at least 74.4% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$2,348/mo
Annual: -$28,182/yr
Modeled Cap Rate
1.94%
NOI: $13,231/yr
Cash-on-Cash Return
-17.95%
Cash Needed: $156,975
1% Rule Ratio
0.42%
Gross Yield: 5.04%
Break-Even Rent
$5,568/mo
State Tax: 1.95%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 60614 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (IL Avg 1.95%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,451/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,766/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (60614)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $561,225 | $2,005/mo | 4.29% |
| 2022 | $579,885 | $2,173/mo | 4.50% |
| 2023 | $581,259 | $2,344/mo | 4.84% |
| 2024 | $600,581 | $2,466/mo | 4.93% |
| 2025 | $617,027 | $2,625/mo | 5.11% |
| 2026 | $682,500 | $2,869/mo | 5.04% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 60641 Chicago, IL | $418,327 | $1,820/mo | 2.09% | -$1,386/mo |
| 60647 Chicago, IL | $583,612 | $2,335/mo | 1.73% | -$2,111/mo |
| 60657 Chicago, IL | $546,908 | $2,480/mo | 2.28% | -$1,725/mo |
| 60618 Chicago, IL | $586,022 | $2,240/mo | 1.54% | -$2,211/mo |
| 60402 Berwyn, IL | $313,681 | $1,448/mo | 2.37% | -$967/mo |
| 60625 Chicago, IL | $424,607 | $1,969/mo | 2.39% | -$1,301/mo |