1510 S Homan AveChicagoIL60623
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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 1510 S Homan Ave, Chicago, IL, 60623 uses $64,643 cash to close to unlock $8,170/yr annual cash flow and $681/mo monthly cash flow. Total monthly income runs $2,033/mo, and a $954/mo payment keeps the spread at $681/mo. Purchase price stands at $195,000, and rental yield measures 12.51% with $2,033/mo rent. Return on cash invested shows 32.55% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 171.6% and total cumulative return in cash records $110,926. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,033/mo property income covering a $954/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60623, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,760 (100%) |
| Owner Occupied HU | 9,106 (28.7%) |
| Renter Occupied HU | 18,918 (59.6%) |
| Vacant Housing Units | 3,736 (11.8%) |
| Median Home Value | $246,210 |
| Average Home Value | $270,307 |
Housing Distribution
Address Breakdown
Residential
18,318
Single Family
12,903
Multi-Family
5,415
Businesses
1,637
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