1157 E 56th St APT 3ChicagoIL60637
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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 1157 E 56th St APT 3, Chicago, IL, 60637 uses $58,013 cash to close to unlock $2,276/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,404/mo, and a $857/mo payment keeps the spread at $190/mo. Purchase price stands at $175,000, and rental yield measures 9.63% with $1,404/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 124.89% and total cumulative return in cash records $72,451. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,404/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60637, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,309 (100%) |
| Owner Occupied HU | 5,112 (19.4%) |
| Renter Occupied HU | 17,180 (65.3%) |
| Vacant Housing Units | 4,017 (15.3%) |
| Median Home Value | $339,737 |
| Average Home Value | $433,374 |
Housing Distribution
Address Breakdown
Residential
22,517
Single Family
6,790
Multi-Family
15,727
Businesses
766
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