1200 W Monroe St APT 319ChicagoIL60607
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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 Chicago at 1200 W Monroe St APT 319, Chicago, IL, 60607 generates $3,029/mo in rent and, after a $1,663/mo payment, leaves $283/mo in cash flow. Total monthly income is $3,029/mo, and annual cash flow is $3,401/yr on $112,611 invested. Return on cash invested sits at 22.93% in year one, and rental yield is 10.7% on a $339,700 entry. Equity gained on principal adds $2,192/yr, while 5% annual appreciation builds toward $93,853 over five years. Five-year ROI reaches 121.54% and total cumulative return in cash sums $136,868. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,029/mo property income rather than buyer’s personal income.
Condo
Built in 2003
0.79 Acres lot
$N/A/sqft
$389 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60607, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 6,294 (28.0%) |
| Renter Occupied HU | 12,988 (57.8%) |
| Vacant Housing Units | 3,183 (14.2%) |
| Median Home Value | $500,000 |
| Average Home Value | $597,212 |
Housing Distribution
Address Breakdown
Residential
19,737
Single Family
2,220
Multi-Family
17,517
Businesses
1,968
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