ZIP CODE 60657 // CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI // DATA AS OF 2026-09-30
Chicago, IL (60657) Rental Property Cap Rate & Cash Flow Report
Located in Cook County (Chicago, IL), Zip Code 60657 ranks #392 of 500 within this selected sample (22th percentile) with a Zillow ZHVI typical home-value index of $546,908 (+12.6% YoY) and a ZORI observed market rent of $2,480/mo (+6.9% YoY). Requires at least 69.9% 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
-$1,725/mo
Annual: -$20,694/yr
Modeled Cap Rate
2.28%
NOI: $12,491/yr
Cash-on-Cash Return
-16.45%
Cash Needed: $125,789
1% Rule Ratio
0.45%
Gross Yield: 5.44%
Break-Even Rent
$4,462/mo
State Tax: 1.95%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 60657 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (IL Avg 1.95%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,765/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,439/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (60657)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $431,565 | $1,714/mo | 4.77% |
| 2022 | $444,105 | $1,902/mo | 5.14% |
| 2023 | $451,388 | $2,048/mo | 5.44% |
| 2024 | $467,513 | $2,148/mo | 5.51% |
| 2025 | $485,750 | $2,319/mo | 5.73% |
| 2026 | $546,908 | $2,480/mo | 5.44% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 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 |
| 60641 Chicago, IL | $418,327 | $1,820/mo | 2.09% | -$1,386/mo |
| 60804 Cicero, IL | $278,158 | $1,330/mo | 2.54% | -$817/mo |
| 60638 Chicago, IL | $327,129 | $1,577/mo | 2.58% | -$950/mo |
| 60614 Chicago, IL | $682,500 | $2,869/mo | 1.94% | -$2,348/mo |