ZIP CODE 60617 // CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI // DATA AS OF 2026-09-30
Chicago, IL (60617) Rental Property Cap Rate & Cash Flow Report
Located in Cook County (Chicago, IL), Zip Code 60617 ranks #14 of 500 within this selected sample (97th percentile) with a Zillow ZHVI typical home-value index of $180,176 (+4.3% YoY) and a ZORI observed market rent of $1,497/mo (+1.7% YoY). Cash-flow positive at standard 20% down payment (break-even down payment: 17.9%). 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
+$23/mo
Annual: +$282/yr
Modeled Cap Rate
6.22%
NOI: $11,215/yr
Cash-on-Cash Return
0.68%
Cash Needed: $41,440
1% Rule Ratio
0.83%
Gross Yield: 9.97%
Break-Even Rent
$1,470/mo
State Tax: 1.95%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 60617 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (IL Avg 1.95%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$911/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$562/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (60617)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $161,005 | $1,079/mo | 8.04% |
| 2022 | $170,648 | $1,175/mo | 8.26% |
| 2023 | $163,313 | $1,234/mo | 9.07% |
| 2024 | $175,558 | $1,320/mo | 9.02% |
| 2025 | $172,733 | $1,472/mo | 10.23% |
| 2026 | $180,176 | $1,497/mo | 9.97% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 60620 Chicago, IL | $182,454 | $1,305/mo | 5.02% | -$160/mo |
| 60085 Waukegan, IL | $239,587 | $1,710/mo | 5.00% | -$213/mo |
| 60623 Chicago, IL | $227,958 | $1,581/mo | 4.79% | -$243/mo |
| 60609 Chicago, IL | $263,163 | $1,642/mo | 4.06% | -$439/mo |
| 60651 Chicago, IL | $284,370 | $1,751/mo | 3.98% | -$495/mo |
| 60632 Chicago, IL | $288,846 | $1,551/mo | 3.16% | -$701/mo |