10 E Ontario St APT 2406ChicagoIL60611
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Chicago at 10 E Ontario St APT 2406, Chicago, IL, 60611 uses $79,560 cash to close to unlock $540/yr annual cash flow and $45/mo monthly cash flow. Total monthly income runs $1,710/mo, and a $1,175/mo payment keeps the spread at $45/mo. Purchase price stands at $240,000, and rental yield measures 8.55% with $1,710/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 107.45% and total cumulative return in cash records $85,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,710/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60611, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,898 (100%) |
| Owner Occupied HU | 10,875 (35.2%) |
| Renter Occupied HU | 14,462 (46.8%) |
| Vacant Housing Units | 5,561 (18.0%) |
| Median Home Value | $653,416 |
| Average Home Value | $849,379 |
Housing Distribution
Address Breakdown
Residential
28,622
Single Family
473
Multi-Family
28,149
Businesses
2,018
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