Franchise Businesses Market: ZIP 60637
Opportunity Score
60
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60637 is an urban area with moderate foot traffic. with a population of 52,418 and household incomes below the national median ($42,080).
Area Profile
52,418
Population
$42,080
Median Income
-44% vs. national
Urban
Area Type
13.8/20
Foot Traffic
Walkable
Median Age: 31.1 —
mixed-age market, broad menu appeal.
College-Educated: 22.3% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 60637.
13
Business Consultants
2.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,480
2BR Fair Market Rent
$1,170
Median Gross Rent
$240 K
Median Home Value
3
Bank Branches
$720 K deposits
Tips for Starting a Franchise Business in Illinois
- Franchise fees range from $10K to $100K+ depending on the brand. That's before buildout, equipment, or working capital. Read the FDD (Franchise Disclosure Document) line by line.
- Royalties run 4-8% of gross revenue. Every month. Forever. That's gross, not net. Factor this into your break-even math from day one.
- Talk to at least 10 existing franchisees before signing. The FDD lists every current and former franchisee. Call the ones who left. They'll be honest.
- Territory protection matters. Some franchises let other franchisees open 2 miles away. Verify your exclusive territory in writing.
- Median income sits at $42,080. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 13
- Bank Branches
- 3
vs. National Average
Median Income
-44% vs. $74,580
Walkability
+3.3 pts vs. national avg
Nearby Markets
60615
1.5 mi
Pop: 42,752
$62,105
Walk: 13.9
60621
2.6 mi
Pop: 27,318
$33,235
Walk: 13.3
60653
2.6 mi
Pop: 34,608
$39,565
Walk: 13.9
60619
2.7 mi
Pop: 59,892
$43,403
Walk: 12.7
60649
3.5 mi
Pop: 48,720
$40,142
Walk: 12.8
60609
4.3 mi
Pop: 64,268
$54,142
Walk: 13.9
60620
4.5 mi
Pop: 66,511
$48,805
Walk: 13.3
60616
4.5 mi
Pop: 54,456
$77,841
Walk: 15.4
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits