12356 S Michigan AveChicagoIL60628
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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 12356 S Michigan Ave, Chicago, IL, 60628 uses $41,404 cash to close to unlock $1,416/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $984/mo, and a $611/mo payment keeps the spread at $118/mo. Purchase price stands at $124,900, and rental yield measures 9.45% with $984/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 122.13% and total cumulative return in cash records $50,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $984/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1908
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60628, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,405 (100%) |
| Owner Occupied HU | 13,253 (48.4%) |
| Renter Occupied HU | 10,298 (37.6%) |
| Vacant Housing Units | 3,854 (14.1%) |
| Median Home Value | $168,394 |
| Average Home Value | $212,023 |
Housing Distribution
Address Breakdown
Residential
24,264
Single Family
21,056
Multi-Family
3,208
Businesses
1,231
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