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Zip Code 60618

Chicago, IL • Cook County

Real Estate Market Analysis

Q3 2025 Report
$590,000 (June 2025)
Median Home Value
~80,000 (2025 est.)
Population
$85,000–$90,000 (est.)
Median Income
Above average for CPS
School District Rating

Market Statistics

Property Values

$590,000 (June 2025)
Median Home Value
$2,200–$2,600/mo (est., varies by unit size)
Median Rent
$313 (June 2025)
Price per Sq Ft

Market Performance

Home Appreciation7.1% YoY (June 2025)
Market VelocityHomes go pending in ~8 days; strong seller's market
Foreclosure RateLow; below city average (2025 est.)

Area Information

Area Size~5.5 sq mi
CountyCook
Primary CityChicago

Housing Profile

Housing Statistics

Total Housing Units~28,000 (est.)
Owner Occupied~45%
Rental Properties~55%
Vacant Units~6%
New ConstructionActive infill and multi-unit developments, especially condos and townhomes

Housing Types

Single-family homes2-4 flatsCondominiumsApartments

Demographics

~80,000 (2025 est.)
Population
34
Median Age
$85,000–$90,000 (est.)
Median Income
~95% (low unemployment)
Employment Rate
High; >45% bachelor's degree or higher
Education Levels
Mix of young professionals, families, and some retirees
Family Composition

Education Quality

School District Performance

Above average for CPS
District Rating
School DistrictChicago Public Schools (CPS)
Test ScoresAbove city average; several schools in 7/10–9/10 range (GreatSchools)
Graduation Rates~85% (CPS average)

Schools in Area

  • Lane Tech College Prep
  • Bell Elementary
  • St. Benedict School
  • Coonley Elementary

Economic Factors

Employment & Business

Job GrowthSteady; tech and healthcare sectors expanding
Unemployment Rate~5% (2025 est.)
Business EnvironmentVibrant small business scene, strong retail corridors
Commercial ActivityActive, especially along Belmont, Lincoln, and Elston

Major Employers

  • Healthcare (Advocate, Presence)
  • Education (Lane Tech, DePaul nearby)
  • Retail and hospitality
  • Professional services

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • CTA Blue and Brown Lines
  • • Metra nearby
  • • Multiple bus routes
  • • Easy access to I-90/94

Utilities & Services

  • • City water/sewer
  • • ComEd electricity
  • • Peoples Gas

Quality of Life

Safety & Environment

Below Chicago average; mostly property crime, low violent crime

Good; tree-lined streets, active green initiatives

Healthcare Access

  • • Advocate Illinois Masonic
  • • Presence St. Mary
  • • Multiple urgent care clinics

Development Trends

Planned Developments

  • Transit-oriented mixed-use projects
  • Luxury condo conversions
  • Retail corridor revitalizations

Infrastructure Projects

  • • Streetscape improvements
  • • Bike lane expansions

Investment Outlook

Growth Outlook

Positive; continued demand and moderate new supply

Investment Opportunities

  • • Value-add multifamily
  • • Condo conversions
  • • Retail storefronts

Marketing Intelligence

Target Demographics

  • Young professionals
  • Dual-income families
  • Investors seeking stable returns

Competitive Advantages

  • Central location
  • Top schools
  • Strong resale values

Pricing Strategies

Price slightly above recent comps in low-inventory segments; use escalation clauses for bidding wars

Common Objections & Response Strategies

Objection: High prices compared to nearby zip codes

Response Strategy:

Emphasize appreciation, school quality, and resale stability

Objection: Limited single-family inventory

Response Strategy:

Showcase new construction and value in multi-unit conversions

Objection: Concerns about property taxes

Response Strategy:

Highlight recent appreciation and rental income potential to offset taxes

Professional Recommendations

1

Encourage buyers to act quickly in low-inventory segments

2

Leverage school and amenity proximity in marketing

3

Advise investors on value-add and rental opportunities

4

Monitor new construction pipeline for emerging deals

5

Educate clients on property tax trends and mitigation strategies

Competitive Analysis

Comparable Markets

  • 60625 (Lincoln Square)
  • 60647 (Logan Square)
  • 60657 (Lakeview)

Market Positioning

Premium family and professional neighborhood with urban amenities

Competitive Advantages

  • Higher appreciation than 60625
  • Faster sales than 60647
  • Comparable schools to 60657

Price Comparison

60618 median: $590,000; 60625: $394,000; 60647: $570,000; 60657: $675,000

Investment Metrics

4.5%–5.2% (multifamily, 2025 est.)
Cap Rates
~5% gross yield
Rental Yields
~20–22
Price-to-Rent
Moderate; best for value-add or long-term appreciation
Cash Flow
4%–6% annually (2025–2027 est.)
Appreciation

Buyer Journey Insights

First-Time Buyers

Competitive; need pre-approval and flexibility on housing type

Move-Up Buyers

Strong options in new construction and larger condos

Downsizers

Limited single-level inventory; some luxury condo options

Investors

Stable returns, especially in small multifamily and condos

Relocators

Appealing due to transit, schools, and amenities

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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Nearby Areas

Logan Square in Chicago, IL

neighborhood

1 miles away

$600,000

60647 (IL)

zip_code

1 miles away

$500,000

Similar Markets

60647 (IL)

zip_code

Similar market (89% price match)

$500,000

60608 (IL)

zip_code

Similar market (89% price match)

$500,000