1437 W Grand Ave #1NChicagoIL60642
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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 1437 W Grand Ave #1N, Chicago, IL, 60642 offers a 9.65% rental yield on a $1,029,000 purchase with $8,272/mo rent. Total monthly income registers $8,272/mo, and a $5,036/mo payment leaves $945/mo available for distribution. Annual cash flow reaches $11,341/yr on $333,396 to close, and return on cash invested stands at 23.77% in year one. Equity gained on principal adds $6,640/yr while 5% annual appreciation supports $284,294 over five years. Portfolio math shows five-year ROI at 124.72% and total cumulative return in cash at $415,800. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,272/mo property income against a $5,036/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2019
N/A lot
$N/A/sqft
$190 monthly HOA
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