1023 N Hoyne Ave #3BChicagoIL60622
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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 1023 N Hoyne Ave #3B, Chicago, IL, 60622 earns from $2,464/mo rent with a $1,578/mo payment. Total monthly income totals $2,464/mo. ROI tracks 19.39% on current figures, and rental yield reads 9.17% at a $322,300 purchase. Equity gained on principal adds $2,080/yr, and 5% annual appreciation supports $89,046 over five years. Five-year ROI reaches 102.14% and total cumulative return in cash sums $109,133. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,464/mo property income instead of your personal income.
Condo
Built in 1891
2,080 sqft lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60622, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,030 (100%) |
| Owner Occupied HU | 9,870 (35.2%) |
| Renter Occupied HU | 16,053 (57.3%) |
| Vacant Housing Units | 2,107 ( 7.5%) |
| Median Home Value | $612,259 |
| Average Home Value | $695,744 |
Housing Distribution
Address Breakdown
Residential
24,386
Single Family
11,594
Multi-Family
12,792
Businesses
1,873
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