1160 S Michigan Ave APT 2105ChicagoIL60605
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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 1160 S Michigan Ave APT 2105, Chicago, IL, 60605 listed at $494,200 pairs $4,274/mo rent with a $2,419/mo payment to leave $165/mo cash flow. Total monthly income runs $4,274/mo, and annual cash flow reaches $1,980/yr on $163,827 cash to close. Return on cash invested measures 21.12% in year one, and rental yield registers 10.38% at a $494,200 basis. Equity gained on principal adds $3,189/yr, and annual property appreciation at 5% supports $136,538 by year five. Five-year ROI tracks 112.14% and total cumulative return in cash totals $183,719. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,274/mo property income relative to a $2,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
0.38 Acres lot
$N/A/sqft
$681 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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