Market Snapshot
- Median listing price
- $190K
- Median rent
- $1,500/mo
- Days on market
- 212 days
- Gross rental yield
- 9.50%
- STR vs LTR
- $1,505/mo STR · $1,500/mo LTR
The median listing price in Chicago, IL ZIP 60617 is $189,500 as of June 2026.
The median market rent in Chicago, IL ZIP 60617 is $1,500/month as of June 2026.
The median days on market in Chicago, IL ZIP 60617 is 212 days as of June 2026. The market is currently neutral.
At a median list price of $189,500 and a median rent of $1,500/month, the gross rental yield in Chicago, IL ZIP 60617 is 9.50% as of June 2026.
In Chicago, IL ZIP 60617, median Airbnb revenue is $1,505/month compared to median long-term rent of $1,500/month as of June 2026.
Chicago, IL 60617 Real Estate Market Report
ZIP Code: 60617
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Key Findings
- The neighborhood’s primary market signal is the median sold price of 139,000, which anchors current market value and suggests recent transactions are occurring well below the median listing price of 189,500, indicating a meaningful listing-to-sale pricing gap that may reflect seller expectations ahead of realized transaction prices.
- Liquidity appears muted on pace: the median days on market of 212 points to slower sales velocity and, combined with relatively constrained active supply in the analyzed sample, may indicate pricing friction rather than rapid turnover.
- Pricing per unit area is moderate for the ZIP: the median price per square foot is 144, which provides a consistent valuation baseline for underwriting and comparables when assessing both single-family residential and condominium opportunities.
- Market context shows broader directional strength but balanced conditions: year-over-year price trend is up, year-over-year rent trend is up, the market temperature is neutral, and interest rate pressure is moderate; together these signals suggest cautious seller leverage with continued rent-driven support for valuation.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold below market average
Sold at market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.50% rate, 0.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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