1535 Seymour AveNorth ChicagoIL60064
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1535 Seymour Ave, North Chicago, IL, 60064 in North Chicago. Priced at $170,000, it generates $3,404/mo in gross rent and $2,114/mo in net monthly cash flow, a 24.03% yield that comfortably supports the 4.46 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $25,365. Five-year appreciation: $46,968. Equity from principal paydown: $1,566/yr. Total projected cumulative return: $208,200.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 24% | 9.2% |
| Monthly Cash Flow | $2,114 | $300 |
City averages based on North Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,404 |
| Total Monthly Debt Service | $1,112 |
| DSCR Ratio | 3.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60064, North Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,456 (100%) |
| Owner Occupied HU | 2,216 (40.6%) |
| Renter Occupied HU | 2,649 (48.6%) |
| Vacant Housing Units | 591 (10.8%) |
| Median Home Value | $162,793 |
| Average Home Value | $246,053 |
Housing Distribution
Address Breakdown
Residential
5,067
Single Family
4,080
Multi-Family
987
Businesses
325
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1940
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60064, North Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,456 (100%) |
| Owner Occupied HU | 2,216 (40.6%) |
| Renter Occupied HU | 2,649 (48.6%) |
| Vacant Housing Units | 591 (10.8%) |
| Median Home Value | $162,793 |
| Average Home Value | $246,053 |
Housing Distribution
Address Breakdown
Residential
5,067
Single Family
4,080
Multi-Family
987
Businesses
325
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices