1301 W Washington Blvd APT 509ChicagoIL60607
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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 1301 W Washington Blvd APT 509, Chicago, IL, 60607 listed at $478,400 pairs $4,020/mo rent with a $2,342/mo payment to leave $149/mo cash flow. Total monthly income runs $4,020/mo, and annual cash flow reaches $1,791/yr on $158,590 cash to close. Return on cash invested measures 21.04% in year one, and rental yield registers 10.08% at a $478,400 basis. Equity gained on principal adds $3,087/yr, and annual property appreciation at 5% supports $132,173 by year five. Five-year ROI tracks 111.41% and total cumulative return in cash totals $176,682. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,020/mo property income relative to a $2,342/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1997
0.41 Acres lot
$N/A/sqft
$552 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60607, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 6,294 (28.0%) |
| Renter Occupied HU | 12,988 (57.8%) |
| Vacant Housing Units | 3,183 (14.2%) |
| Median Home Value | $500,000 |
| Average Home Value | $597,212 |
Housing Distribution
Address Breakdown
Residential
19,737
Single Family
2,220
Multi-Family
17,517
Businesses
1,968
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