1600 S Indiana Ave #1503ChicagoIL60605
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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
Rental property for sale in Chicago at 1600 S Indiana Ave #1503, Chicago, IL, 60605 generates $4,114/mo in rent and, after a $2,149/mo payment, leaves $1,069/mo in cash flow. Total monthly income is $4,114/mo, and annual cash flow is $12,824/yr on $145,529 invested. Return on cash invested sits at 28.72% in year one, and rental yield is 11.25% on a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 151.08% and total cumulative return in cash sums $219,860. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,114/mo property income rather than buyer’s personal income.
Condo
Built in 1228
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60605, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,547 (100%) |
| Owner Occupied HU | 7,539 (32.0%) |
| Renter Occupied HU | 12,603 (53.5%) |
| Vacant Housing Units | 3,405 (14.5%) |
| Median Home Value | $472,201 |
| Average Home Value | $575,433 |
Housing Distribution
Address Breakdown
Residential
20,878
Single Family
1,088
Multi-Family
19,790
Businesses
960
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