1524 S Sangamon St UNIT 802ChicagoIL60608
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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 1524 S Sangamon St UNIT 802, Chicago, IL, 60608 uses $175,982 cash to close to unlock $3,095/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $3,968/mo, and a $2,618/mo payment keeps the spread at $258/mo. Purchase price stands at $534,900, and rental yield measures 8.9% with $3,968/mo rent. Return on cash invested shows 21.82% in year one, and 5% annual appreciation builds toward $147,783 over five years. Five-year ROI reaches 114.03% and total cumulative return in cash records $200,673. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,968/mo property income covering a $2,618/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A 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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