1511 N Lockwood AveChicagoIL60651
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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 1511 N Lockwood Ave, Chicago, IL, 60651 earns $139/mo cash flow from $1,456/mo rent with a $929/mo payment. Total monthly income totals $1,456/mo, and annual cash flow totals $1,671/yr on $62,952 capital. ROI tracks 22.56% on current figures, and rental yield reads 9.2% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 118.12% and total cumulative return in cash sums $74,357. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,456/mo property income instead of your personal income.
Single Family
Built in 1918
3,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60651, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,526 (100%) |
| Owner Occupied HU | 9,143 (37.3%) |
| Renter Occupied HU | 12,918 (52.7%) |
| Vacant Housing Units | 2,465 (10.1%) |
| Median Home Value | $284,034 |
| Average Home Value | $328,944 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
12,747
Multi-Family
3,661
Businesses
1,048
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