1445 W 16th StChicagoIL60608
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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 1445 W 16th St, Chicago, IL, 60608 earns from $2,250/mo rent with a $5,384/mo payment. Total monthly income totals $2,250/mo. ROI tracks 2.26% on current figures, and rental yield reads 2.45% at a $1,100,000 purchase. Equity gained on principal adds $7,098/yr, and 5% annual appreciation supports $303,910 over five years. Five-year ROI reaches 9.09% and total cumulative return in cash sums $32,407. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,250/mo property income instead of your personal income.
Multi Family
Built in 1889
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60608, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,532 (100%) |
| Owner Occupied HU | 9,621 (30.5%) |
| Renter Occupied HU | 18,309 (58.1%) |
| Vacant Housing Units | 3,602 (11.4%) |
| Median Home Value | $368,609 |
| Average Home Value | $410,295 |
Housing Distribution
Address Breakdown
Residential
23,218
Single Family
13,908
Multi-Family
9,310
Businesses
2,214
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