ZIP CODE 60641 // CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI // DATA AS OF 2026-09-30
Chicago, IL (60641) Rental Property Cap Rate & Cash Flow Report
Located in Cook County (Chicago, IL), Zip Code 60641 ranks #417 of 500 within this selected sample (17th percentile) with a Zillow ZHVI typical home-value index of $418,327 (+7.5% YoY) and a ZORI observed market rent of $1,820/mo (+5.3% YoY). Requires at least 72.4% 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
-$1,386/mo
Annual: -$16,632/yr
Modeled Cap Rate
2.09%
NOI: $8,752/yr
Cash-on-Cash Return
-17.29%
Cash Needed: $96,215
1% Rule Ratio
0.44%
Gross Yield: 5.22%
Break-Even Rent
$3,413/mo
State Tax: 1.95%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 60641 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (IL Avg 1.95%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,115/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,091/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (60641)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $333,981 | $1,331/mo | 4.78% |
| 2022 | $342,989 | $1,433/mo | 5.01% |
| 2023 | $351,699 | $1,528/mo | 5.21% |
| 2024 | $371,445 | $1,608/mo | 5.19% |
| 2025 | $389,015 | $1,728/mo | 5.33% |
| 2026 | $418,327 | $1,820/mo | 5.22% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 60614 Chicago, IL | $682,500 | $2,869/mo | 1.94% | -$2,348/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 |
| 60647 Chicago, IL | $583,612 | $2,335/mo | 1.73% | -$2,111/mo |
| 60804 Cicero, IL | $278,158 | $1,330/mo | 2.54% | -$817/mo |