1412 Schilling AveChicago HeightsIL60411
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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 Chicago Heights at 1412 Schilling Ave, Chicago Heights, IL, 60411 generates $2,230/mo in rent and, after a $1,204/mo payment, leaves $524/mo in cash flow. Total monthly income is $2,230/mo, and annual cash flow is $6,285/yr on $81,549 invested. Return on cash invested sits at 27.62% in year one, and rental yield is 10.88% on a $246,000 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation builds toward $67,965 over five years. Five-year ROI reaches 145.15% and total cumulative return in cash sums $118,370. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,230/mo property income rather than buyer’s personal income.
Multi Family
Built in 1924
6,250 sqft lot
$N/A/sqft
No HOA
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Listed by: Marcus Rembert • Mosaic Realty LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12371840
Disclaimer: Based on information submitted to the MLS GRID as of 2025. 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. [Click here for more information](/mls-disclaimers/#17)