ZIP CODE 60632 // CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI // DATA AS OF 2026-09-30
Chicago, IL (60632) Rental Property Cap Rate & Cash Flow Report
Located in Cook County (Chicago, IL), Zip Code 60632 ranks #246 of 500 within this selected sample (51th percentile) with a Zillow ZHVI typical home-value index of $288,846 (+5.4% YoY) and a ZORI observed market rent of $1,551/mo (+2.3% YoY). Requires at least 58.4% 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
-$701/mo
Annual: -$8,411/yr
Modeled Cap Rate
3.16%
NOI: $9,115/yr
Cash-on-Cash Return
-12.66%
Cash Needed: $66,435
1% Rule Ratio
0.54%
Gross Yield: 6.44%
Break-Even Rent
$2,357/mo
State Tax: 1.95%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 60632 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (IL Avg 1.95%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,461/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$791/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (60632)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2022 | $246,708 | $1,216/mo | 5.91% |
| 2023 | $247,848 | $1,279/mo | 6.19% |
| 2024 | $266,053 | $1,399/mo | 6.31% |
| 2025 | $274,047 | $1,517/mo | 6.64% |
| 2026 | $288,846 | $1,551/mo | 6.44% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 60640 Chicago, IL | $373,521 | $1,983/mo | 3.09% | -$926/mo |
| 60639 Chicago, IL | $334,063 | $1,740/mo | 2.99% | -$857/mo |
| 60608 Chicago, IL | $367,513 | $1,914/mo | 2.99% | -$944/mo |
| 60634 Chicago, IL | $379,235 | $1,951/mo | 2.92% | -$994/mo |
| 60629 Chicago, IL | $273,942 | $1,404/mo | 2.90% | -$723/mo |
| 60638 Chicago, IL | $327,129 | $1,577/mo | 2.58% | -$950/mo |