1401 E 55th Pl #916NChicagoIL60637
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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 1401 E 55th Pl #916N, Chicago, IL, 60637 listed at $161,000 pairs $1,729/mo rent with a $788/mo payment. Total monthly income runs $1,729/mo. Return on cash invested measures 12.68% in year one, and rental yield registers 12.89% at a $161,000 basis. Equity gained on principal adds $1,039/yr, and annual property appreciation at 5% supports $44,481 by year five. Five-year ROI tracks 72.72% and total cumulative return in cash totals $38,811. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,729/mo property income relative to a $788/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1959
N/A lot
$N/A/sqft
$934 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60637, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,309 (100%) |
| Owner Occupied HU | 5,112 (19.4%) |
| Renter Occupied HU | 17,180 (65.3%) |
| Vacant Housing Units | 4,017 (15.3%) |
| Median Home Value | $339,737 |
| Average Home Value | $433,374 |
Housing Distribution
Address Breakdown
Residential
22,517
Single Family
6,790
Multi-Family
15,727
Businesses
766
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Listed by: Marcin Grzesiak • Arc Red Inc Arc Realty Group
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12143330
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)