1301 Park AveNorth ChicagoIL60064
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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
Rental property for sale in North Chicago at 1301 Park Ave, North Chicago, IL, 60064 generates $1,475/mo in rent and, after a $930/mo payment, leaves $157/mo in cash flow. Total monthly income is $1,475/mo, and annual cash flow is $1,886/yr on $62,977 invested. Return on cash invested sits at 22.9% in year one, and rental yield is 9.32% on a $189,975 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,487 over five years. Five-year ROI reaches 119.96% and total cumulative return in cash sums $75,544. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,475/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
5,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60064, North Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,456 (100%) |
| Owner Occupied HU | 2,216 (40.6%) |
| Renter Occupied HU | 2,649 (48.6%) |
| Vacant Housing Units | 591 (10.8%) |
| Median Home Value | $162,793 |
| Average Home Value | $246,053 |
Housing Distribution
Address Breakdown
Residential
5,067
Single Family
4,080
Multi-Family
987
Businesses
325
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Listed by: Willie Simpson, PSA,SFR • RE/MAX Plaza
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12431652