Franchise Businesses Market: ZIP 60707
Opportunity Score
79
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60707 is an urban area with moderate foot traffic. with a population of 40,897 and household incomes above the national median ($82,746).
Area Profile
40,897
Population
$82,746
Median Income
+11% vs. national
Urban
Area Type
14.8/20
Foot Traffic
Very Car-Dependent
Median Age: 40.1 —
older demographic, may prefer sit-down options.
College-Educated: 22.0% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 60707.
3
Business Consultants
0.7 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,670
2BR Fair Market Rent
$1,309
Median Gross Rent
$320 K
Median Home Value
11
Bank Branches
$1.3 M 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 3
- Bank Branches
- 11
vs. National Average
Median Income
+11% vs. $74,580
Walkability
+4.3 pts vs. national avg
Nearby Markets
60634
1.7 mi
Pop: 74,418
$84,997
Walk: 14.5
60305
2.0 mi
Pop: 11,489
$148,711
Walk: 14.4
60171
2.1 mi
Pop: 10,482
$74,793
Walk: 15.4
60302
2.2 mi
Pop: 32,589
$97,414
Walk: 15.4
60301
2.4 mi
Pop: 3,508
$103,448
60706
3.0 mi
Pop: 24,028
$85,000
Walk: 15.7
60304
3.6 mi
Pop: 17,218
$132,841
Walk: 15.6
60639
3.6 mi
Pop: 84,505
$59,710
Walk: 14.4
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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