ZIP CODE 60629 // CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI // DATA AS OF 2026-09-30
Chicago, IL (60629) Rental Property Cap Rate & Cash Flow Report
Located in Cook County (Chicago, IL), Zip Code 60629 ranks #287 of 500 within this selected sample (43th percentile) with a Zillow ZHVI typical home-value index of $273,942 (+3.1% YoY) and a ZORI observed market rent of $1,404/mo (+5.1% YoY). Requires at least 61.8% 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
-$723/mo
Annual: -$8,677/yr
Modeled Cap Rate
2.90%
NOI: $7,946/yr
Cash-on-Cash Return
-13.77%
Cash Needed: $63,007
1% Rule Ratio
0.51%
Gross Yield: 6.15%
Break-Even Rent
$2,235/mo
State Tax: 1.95%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 60629 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (IL Avg 1.95%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,385/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$742/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (60629)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $227,425 | $995/mo | 5.25% |
| 2022 | $238,932 | $1,079/mo | 5.42% |
| 2023 | $236,738 | $1,095/mo | 5.55% |
| 2024 | $253,167 | $1,210/mo | 5.74% |
| 2025 | $265,751 | $1,336/mo | 6.03% |
| 2026 | $273,942 | $1,404/mo | 6.15% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 60634 Chicago, IL | $379,235 | $1,951/mo | 2.92% | -$994/mo |
| 60608 Chicago, IL | $367,513 | $1,914/mo | 2.99% | -$944/mo |
| 60639 Chicago, IL | $334,063 | $1,740/mo | 2.99% | -$857/mo |
| 60640 Chicago, IL | $373,521 | $1,983/mo | 3.09% | -$926/mo |
| 60632 Chicago, IL | $288,846 | $1,551/mo | 3.16% | -$701/mo |
| 60638 Chicago, IL | $327,129 | $1,577/mo | 2.58% | -$950/mo |