Market Snapshot
- Median listing price
- $592K
- Median rent
- $2,250/mo
- Days on market
- 312 days
- Gross rental yield
- 4.56%
- STR vs LTR
- $1,949/mo STR · $2,250/mo LTR
The median listing price in Chicago, IL ZIP 60631 is $592,400 as of June 2026.
The median market rent in Chicago, IL ZIP 60631 is $2,250/month as of June 2026.
The median days on market in Chicago, IL ZIP 60631 is 312 days as of June 2026. The market is currently neutral.
At a median list price of $592,400 and a median rent of $2,250/month, the gross rental yield in Chicago, IL ZIP 60631 is 4.56% as of June 2026.
In Chicago, IL ZIP 60631, median Airbnb revenue is $1,949/month compared to median long-term rent of $2,250/month as of June 2026.
Chicago, IL 60631 Real Estate Market Report
ZIP Code: 60631
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
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
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
- $536,000 median sold price is the primary local valuation signal and, with prices reported as up year-over-year, sellers can justify firm asking strategies; action: align new listings to recent closed comps and avoid aggressive overpricing that conflicts with recorded transactions.
- 312 median days on market suggests slower sales velocity and pricing friction rather than immediate liquidity; action: sellers should consider targeted price adjustments, tighter contract timeframes, and enhanced marketing/staging to shorten days on market.
- $341 median price per square foot combined with a $2,250 median market rent and rent trends reported as up indicates rent growth supporting buy-and-hold economics; action: investors should prioritize cash-flow underwriting and lease-up plans but avoid deriving yields from these metrics alone.
- The neighborhood’s neutral market temperature alongside elevated interest rate pressure (interest rates reported as elevated) points to a balanced buyer-seller dynamic with financing headwinds; action: lenders and buyers should stress-test financing scenarios and sellers should be prepared for lengthier contingency periods.
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
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold above market average
Below-market acquisition. Investor purchase with value-add potential through renovation.
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, 1.3% 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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