ZIP CODE 60620 // CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI // DATA AS OF 2026-09-30
Chicago, IL (60620) Rental Property Cap Rate & Cash Flow Report
Located in Cook County (Chicago, IL), Zip Code 60620 ranks #53 of 500 within this selected sample (90th percentile) with a Zillow ZHVI typical home-value index of $182,454 (+1.7% YoY) and a ZORI observed market rent of $1,305/mo (-0.8% YoY). Requires at least 33.9% 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
-$160/mo
Annual: -$1,917/yr
Modeled Cap Rate
5.02%
NOI: $9,154/yr
Cash-on-Cash Return
-4.57%
Cash Needed: $41,964
1% Rule Ratio
0.72%
Gross Yield: 8.58%
Break-Even Rent
$1,489/mo
State Tax: 1.95%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 60620 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (IL Avg 1.95%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$923/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$542/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (60620)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $177,385 | $1,002/mo | 6.78% |
| 2022 | $181,107 | $1,085/mo | 7.19% |
| 2023 | $167,896 | $1,113/mo | 7.95% |
| 2024 | $178,037 | $1,187/mo | 8.00% |
| 2025 | $179,436 | $1,315/mo | 8.79% |
| 2026 | $182,454 | $1,305/mo | 8.58% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 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 |
| 60617 Chicago, IL | $180,176 | $1,497/mo | 6.22% | +$23/mo |
| 60632 Chicago, IL | $288,846 | $1,551/mo | 3.16% | -$701/mo |