1040 W Polk St #1BChicagoIL60607
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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 1040 W Polk St #1B, Chicago, IL, 60607 generates $5,069/mo in rent and, after a $3,059/mo payment, leaves $531/mo in cash flow. Total monthly income is $5,069/mo, and annual cash flow is $6,371/yr on $205,625 invested. Return on cash invested sits at 23.16% in year one, and rental yield is 9.73% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 121.64% and total cumulative return in cash sums $250,129. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,069/mo property income rather than buyer’s personal income.
Condo
Built in 2014
N/A lot
$N/A/sqft
$203 monthly 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
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Listed by: Morgan Sage • Berkshire Hathaway HomeServices Chicago
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12319231
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)