1101 S State St APT 1300ChicagoIL60605
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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 1101 S State St APT 1300, Chicago, IL, 60605 listed at $407,500 pairs $4,577/mo rent with a $1,995/mo payment to leave $474/mo cash flow. Total monthly income runs $4,577/mo, and annual cash flow reaches $5,688/yr on $135,086 cash to close. Return on cash invested measures 24.12% in year one, and rental yield registers 13.48% at a $407,500 basis. Equity gained on principal adds $2,630/yr, and annual property appreciation at 5% supports $112,585 by year five. Five-year ROI tracks 130.54% and total cumulative return in cash totals $176,347. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,577/mo property income relative to a $1,995/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
$1,276 monthly 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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Nearby investment properties with comparable prices
Listed by: Nevin Nelson • Redfin Corporation
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12222247
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)