1101 Adams StNorth ChicagoIL60064
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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 North Chicago at 1101 Adams St, North Chicago, IL, 60064 priced at $164,990 converts $1,299/mo rent into $154/mo cash flow after a $808/mo obligation. Total monthly income equals $1,299/mo, and annual cash flow totals $1,850/yr on $54,694 invested. Return on cash invested prints 23.29% in year one, and rental yield reads 9.45% against a $164,990 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,584 by year five. Five-year ROI reaches 122.05% and total cumulative return in cash sums $66,752. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,299/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1935
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60064, North Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,456 (100%) |
| Owner Occupied HU | 2,216 (40.6%) |
| Renter Occupied HU | 2,649 (48.6%) |
| Vacant Housing Units | 591 (10.8%) |
| Median Home Value | $162,793 |
| Average Home Value | $246,053 |
Housing Distribution
Address Breakdown
Residential
5,067
Single Family
4,080
Multi-Family
987
Businesses
325
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Listed by: Maria Ruiz • Brokerocity
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12539922