1005 S Racine AveChicagoIL60607
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 1005 S Racine Ave, Chicago, IL, 60607 in Chicago offers a clean, manageable entry. Rental yield 6.35%. DSCR 1.18 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $172,676 in additional property value over five years, with $5,756/yr in principal equity building ownership stake. Total projected cumulative return: $172,750.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 6.1% |
| Monthly Cash Flow | $(1,030) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,305 |
| Total Monthly Debt Service | $4,086 |
| DSCR Ratio | 0.81x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1847
1,864 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60607, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 6,294 (28.0%) |
| Renter Occupied HU | 12,988 (57.8%) |
| Vacant Housing Units | 3,183 (14.2%) |
| Median Home Value | $500,000 |
| Average Home Value | $597,212 |
Housing Distribution
Address Breakdown
Residential
19,737
Single Family
2,220
Multi-Family
17,517
Businesses
1,968
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1847
1,864 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60607, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 6,294 (28.0%) |
| Renter Occupied HU | 12,988 (57.8%) |
| Vacant Housing Units | 3,183 (14.2%) |
| Median Home Value | $500,000 |
| Average Home Value | $597,212 |
Housing Distribution
Address Breakdown
Residential
19,737
Single Family
2,220
Multi-Family
17,517
Businesses
1,968
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices