1020 S Wabash Ave APT 7CChicagoIL60605
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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
Rental property for sale in Chicago at 1020 S Wabash Ave APT 7C, Chicago, IL, 60605 generates $4,120/mo in rent and, after a $1,872/mo payment, leaves $1,467/mo in cash flow. Total monthly income is $4,120/mo, and annual cash flow is $17,605/yr on $126,799 invested. Return on cash invested sits at 33.79% in year one, and rental yield is 12.93% on a $382,500 entry. Equity gained on principal adds $2,468/yr, while 5% annual appreciation builds toward $105,678 over five years. Five-year ROI reaches 178.3% and total cumulative return in cash sums $226,086. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,120/mo property income rather than buyer’s personal income.
Condo
Built in 1917
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60605, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,547 (100%) |
| Owner Occupied HU | 7,539 (32.0%) |
| Renter Occupied HU | 12,603 (53.5%) |
| Vacant Housing Units | 3,405 (14.5%) |
| Median Home Value | $472,201 |
| Average Home Value | $575,433 |
Housing Distribution
Address Breakdown
Residential
20,878
Single Family
1,088
Multi-Family
19,790
Businesses
960
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