1201 Franklin AveWinthrop HarborIL60096
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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 Winthrop Harbor at 1201 Franklin Ave, Winthrop Harbor, IL, 60096 uses $57,979 cash to close to unlock $1,727/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $1,357/mo, and a $856/mo payment keeps the spread at $144/mo. Purchase price stands at $174,900, and rental yield measures 9.31% with $1,357/mo rent. Return on cash invested shows 22.89% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 119.79% and total cumulative return in cash records $69,456. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,357/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1927
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60096, Winthrop Harbor, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,810 (100%) |
| Owner Occupied HU | 2,160 (76.9%) |
| Renter Occupied HU | 541 (19.3%) |
| Vacant Housing Units | 109 ( 3.9%) |
| Median Home Value | $271,341 |
| Average Home Value | $293,688 |
Housing Distribution
Address Breakdown
Residential
2,662
Single Family
2,599
Multi-Family
63
Businesses
113
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Listed by: Emanuel Arrambide • Redfin Corporation
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12371444
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)