11000 Central Ave APT 2CChicago RidgeIL60415
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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 Ridge at 11000 Central Ave APT 2C, Chicago Ridge, IL, 60415 offers a 9.63% rental yield on a $139,000 purchase with $1,115/mo rent. Total monthly income registers $1,115/mo, and a $680/mo payment leaves $151/mo available for distribution. Annual cash flow reaches $1,814/yr on $46,079 to close, and return on cash invested stands at 23.85% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 125% and total cumulative return in cash at $57,596. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,115/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60415, Chicago Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,877 (100%) |
| Owner Occupied HU | 2,916 (49.6%) |
| Renter Occupied HU | 2,640 (44.9%) |
| Vacant Housing Units | 321 ( 5.5%) |
| Median Home Value | $239,402 |
| Average Home Value | $294,268 |
Housing Distribution
Address Breakdown
Residential
5,819
Single Family
2,127
Multi-Family
3,692
Businesses
505
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Listed by: Juanita Flores • RE/MAX 10
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12444808