Zip Code 60608

Chicago, ILCook County

Real Estate Market Analysis

Q3 2025 Report
$355,000 (Q2 2025 estimate)
Median Home Value
~69,000
Population
$52,000
Median Income
Average (CPS overall rating: 3/5)
School District Rating

Market Statistics

Property Values

$355,000 (Q2 2025 estimate)
Median Home Value
$2,100/month (2BR, Q2 2025)
Median Rent
$285
Price per Sq Ft

Market Performance

Home Appreciation3-4% annual growth projected for 2025
Market VelocityModerate; average days on market: 38
Foreclosure RateLow; below city average

Area Information

Area SizeApprox. 7.5 sq mi
CountyCook
Primary CityChicago

Housing Profile

Housing Statistics

Total Housing Units~22,000
Owner Occupied34%
Rental Properties62%
Vacant Units4%
New ConstructionLimited; citywide pipeline down 40% in 2025, with minimal new multifamily starts in 60608

Housing Types

Historic single-family homes2-4 flatsMid-rise condosNewer townhomesConverted lofts

Demographics

~69,000
Population
32
Median Age
$52,000
Median Income
94%
Employment Rate
28% bachelor’s or higher, 35% high school diploma
Education Levels
Mixed; 38% families with children, 41% single adults, 21% seniors
Family Composition

Education Quality

School District Performance

Average (CPS overall rating: 3/5)
District Rating
School DistrictChicago Public Schools (CPS)
Test ScoresSlightly below city average; some magnet/charter schools outperform
Graduation Rates~80%

Schools in Area

  • Benito Juarez Community Academy
  • Pilsen Community Academy
  • Orozco Academy
  • Walsh Elementary

Economic Factors

Employment & Business

Job GrowthStable; 1.5% projected for 2025
Unemployment Rate~6%
Business EnvironmentVibrant small business scene, strong arts/culture sector
Commercial ActivityActive retail corridors (18th St, Cermak Rd), growing coworking/creative spaces

Major Employers

  • UIC (University of Illinois at Chicago)
  • Rush University Medical Center
  • Local manufacturing
  • Hospitality/food service

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • CTA Pink Line (18th, Damen, Polk stops)
  • Metra BNSF Line
  • I-55, I-90/94 expressways
  • Divvy bike share

Utilities & Services

  • City water/sewer
  • ComEd electricity
  • Peoples Gas

Quality of Life

Safety & Environment

Mixed; property crime slightly above city average, violent crime declining since 2022

Improving; ongoing brownfield remediation, good air quality

Healthcare Access

  • UIC Hospital
  • St. Anthony Hospital
  • Multiple clinics

Development Trends

Planned Developments

  • Mixed-use projects near 18th St.
  • Adaptive reuse of industrial buildings

Infrastructure Projects

  • Streetscape improvements on Cermak Rd.
  • Expanded bike lanes

Investment Outlook

Growth Outlook

Moderate; stable demand, limited new supply

Investment Opportunities

  • Value-add multifamily
  • Small retail storefronts
  • Loft conversions

Marketing Intelligence

Target Demographics

  • Young professionals
  • Artists/creatives
  • First-time buyers
  • Investors

Competitive Advantages

  • Proximity to downtown/UIC
  • Strong arts/culture identity
  • Relative affordability

Pricing Strategies

Position slightly below North Side comps; emphasize long-term appreciation

Common Objections & Response Strategies

Objection: Concerns about crime rates

Response Strategy:

Provide recent data showing declining violent crime and highlight active community policing.

Objection: School quality concerns

Response Strategy:

Showcase high-performing magnet/charter options and improving graduation rates.

Objection: Limited new construction

Response Strategy:

Emphasize unique historic housing stock and value-add opportunities.

Professional Recommendations

1

Highlight unique neighborhood character and arts scene in marketing.

2

Educate buyers on historic property benefits and maintenance.

3

Leverage data on declining crime and improving schools to address objections.

4

Target investors with value-add multifamily and mixed-use opportunities.

5

Stay informed on legislative changes affecting rental properties.

6

Network with local businesses and community groups to build trust.

Competitive Analysis

Comparable Markets

  • Logan Square (60647)
  • Bridgeport (60616)
  • Little Village (60623)

Market Positioning

Emerging, arts-focused, affordable urban neighborhood

Competitive Advantages

  • Lower price per sq ft than Logan Square
  • Stronger cultural identity than Bridgeport
  • Better transit than Little Village

Price Comparison

60608 median home value 10-15% below Logan Square, 5% above Little Village

Investment Metrics

5.5-6.2% (multifamily)
Cap Rates
6.5% gross annual yield
Rental Yields
~14.1
Price-to-Rent
Strong for value-add and stabilized assets
Cash Flow
3-4% annual (2025)
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability, walkability, and cultural amenities; may need education on historic property maintenance.

Move-Up Buyers

Seek larger homes or new construction; limited options but strong value in renovated properties.

Downsizers

Interested in condos/lofts with elevator access; limited new supply but good value in conversions.

Investors

Drawn by strong rental demand, favorable cap rates, and value-add opportunities.

Relocators

Appreciate transit access and proximity to downtown/UIC; may need orientation to neighborhood culture.

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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