1244 W 97th PlChicagoIL60643
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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 1244 W 97th Pl, Chicago, IL, 60643 offers a 10.65% rental yield on a $279,900 purchase with $2,484/mo rent. Total monthly income registers $2,484/mo, and a $1,370/mo payment leaves $543/mo available for distribution. Annual cash flow reaches $6,510/yr on $92,787 to close, and return on cash invested stands at 26.93% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 141.46% and total cumulative return in cash at $131,257. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,484/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1903
8,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60643, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,398 (100%) |
| Owner Occupied HU | 13,014 (67.1%) |
| Renter Occupied HU | 4,834 (24.9%) |
| Vacant Housing Units | 1,550 ( 8.0%) |
| Median Home Value | $286,827 |
| Average Home Value | $334,678 |
Housing Distribution
Address Breakdown
Residential
18,424
Single Family
15,938
Multi-Family
2,486
Businesses
1,359
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