ZIP CODE 60618 // CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI // DATA AS OF 2026-09-30
Chicago, IL (60618) Rental Property Cap Rate & Cash Flow Report
Located in Cook County (Chicago, IL), Zip Code 60618 ranks #465 of 500 within this selected sample (7th percentile) with a Zillow ZHVI typical home-value index of $586,022 (+10.8% YoY) and a ZORI observed market rent of $2,240/mo (+8.5% YoY). Requires at least 79.7% 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
-$2,211/mo
Annual: -$26,530/yr
Modeled Cap Rate
1.54%
NOI: $9,029/yr
Cash-on-Cash Return
-19.68%
Cash Needed: $134,785
1% Rule Ratio
0.38%
Gross Yield: 4.59%
Break-Even Rent
$4,781/mo
State Tax: 1.95%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 60618 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (IL Avg 1.95%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,963/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,488/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (60618)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $499,050 | $1,588/mo | 3.82% |
| 2022 | $510,131 | $1,737/mo | 4.09% |
| 2023 | $513,050 | $1,857/mo | 4.34% |
| 2024 | $514,125 | $1,949/mo | 4.55% |
| 2025 | $529,098 | $2,065/mo | 4.68% |
| 2026 | $586,022 | $2,240/mo | 4.59% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 60647 Chicago, IL | $583,612 | $2,335/mo | 1.73% | -$2,111/mo |
| 60614 Chicago, IL | $682,500 | $2,869/mo | 1.94% | -$2,348/mo |
| 60641 Chicago, IL | $418,327 | $1,820/mo | 2.09% | -$1,386/mo |
| 60657 Chicago, IL | $546,908 | $2,480/mo | 2.28% | -$1,725/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 |