124 W Polk St APT 901ChicagoIL60605
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 124 W Polk St APT 901, Chicago, IL, 60605 in Chicago. At $665,000 it earns $6,238/mo in rent and distributes $276/mo to the owner after the $2,990/mo payment, a consistent 11.26% yield. DSCR 2.09 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $183,727 in value; $6,125/yr in principal paydown compounds ownership stake. Total projected return: $278,009.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.1% |
| Monthly Cash Flow | $276 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,238 |
| Total Monthly Debt Service | $5,697 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1994
N/A lot
$N/A/sqft
$1,349 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1994
N/A lot
$N/A/sqft
$1,349 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices