1525 N Springfield 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 1525 N Springfield Ave, Chicago, IL, 60651 uses $95,804 cash to close to unlock $875/yr annual cash flow and $73/mo monthly cash flow. Total monthly income runs $2,078/mo, and a $1,415/mo payment keeps the spread at $73/mo. Purchase price stands at $289,000, and rental yield measures 8.63% with $2,078/mo rent. Return on cash invested shows 20.82% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 108.72% and total cumulative return in cash records $104,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,078/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1959
3,000 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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