ZIP CODE 60634 // CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI // DATA AS OF 2026-09-30
Chicago, IL (60634) Rental Property Cap Rate & Cash Flow Report
Located in Cook County (Chicago, IL), Zip Code 60634 ranks #283 of 500 within this selected sample (44th percentile) with a Zillow ZHVI typical home-value index of $379,235 (+6.6% YoY) and a ZORI observed market rent of $1,951/mo (+7.7% YoY). Requires at least 61.5% 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
-$994/mo
Annual: -$11,934/yr
Modeled Cap Rate
2.92%
NOI: $11,077/yr
Cash-on-Cash Return
-13.68%
Cash Needed: $87,224
1% Rule Ratio
0.51%
Gross Yield: 6.17%
Break-Even Rent
$3,094/mo
State Tax: 1.95%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 60634 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (IL Avg 1.95%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,918/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,028/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (60634)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $310,104 | $1,342/mo | 5.19% |
| 2022 | $320,642 | $1,486/mo | 5.56% |
| 2023 | $329,199 | $1,568/mo | 5.72% |
| 2024 | $346,108 | $1,672/mo | 5.80% |
| 2025 | $355,807 | $1,812/mo | 6.11% |
| 2026 | $379,235 | $1,951/mo | 6.17% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 60629 Chicago, IL | $273,942 | $1,404/mo | 2.90% | -$723/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 |