1115 Wadsworth AveNorth ChicagoIL60064
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 1115 Wadsworth Ave, North Chicago, IL, 60064 in North Chicago worth modelling. At $180,000 with a 9.02% gross yield, the $1,353/mo rent leaves $104/mo after the $809/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.67 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $49,731 by year five; $1,658/yr in principal reduction adds further equity. Total projected return: $75,607.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 9.2% |
| Monthly Cash Flow | $104 | $300 |
City averages based on North Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,353 |
| Total Monthly Debt Service | $1,177 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1927
9,900 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1927
9,900 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12604903