12393 East Blvd N #1Grant ParkIL60940
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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 Grant Park at 12393 East Blvd N #1, Grant Park, IL, 60940 uses $49,725 cash to close to unlock $477/yr annual cash flow and $40/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $734/mo payment keeps the spread at $40/mo. Purchase price stands at $150,000, and rental yield measures 8.64% with $1,080/mo rent. Return on cash invested shows 20.87% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 108.97% and total cumulative return in cash records $54,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1858
4.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60940, Grant Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,335 (100%) |
| Owner Occupied HU | 1,029 (77.1%) |
| Renter Occupied HU | 234 (17.5%) |
| Vacant Housing Units | 72 ( 5.4%) |
| Median Home Value | $251,741 |
| Average Home Value | $291,686 |
Housing Distribution
Address Breakdown
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
87
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Listed by: Cara Lipinski • McColly Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12442794