1323 N 33rd AveMelrose ParkIL60160
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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 Melrose Park at 1323 N 33rd Ave, Melrose Park, IL, 60160 offers a 16.84% rental yield on a $256,200 purchase with $3,596/mo rent. Total monthly income registers $3,596/mo, and a $1,254/mo payment leaves $1,819/mo available for distribution. Annual cash flow reaches $21,827/yr on $84,930 to close, and return on cash invested stands at 45.61% in year one. Equity gained on principal adds $1,653/yr while 5% annual appreciation supports $70,783 over five years. Portfolio math shows five-year ROI at 241.62% and total cumulative return in cash at $205,212. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,596/mo property income against a $1,254/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
5,401 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60160, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 4,094 (47.2%) |
| Renter Occupied HU | 4,077 (47.0%) |
| Vacant Housing Units | 507 ( 5.8%) |
| Median Home Value | $286,722 |
| Average Home Value | $279,533 |
Housing Distribution
Address Breakdown
Residential
7,552
Single Family
5,458
Multi-Family
2,094
Businesses
879
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Listed by: Julian Taylor • Goldtree Realty, Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12435653