1616 Sheridan Rd UNIT 3EWilmetteIL60091
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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 Wilmette at 1616 Sheridan Rd UNIT 3E, Wilmette, IL, 60091 earns from $4,838/mo rent with a $3,367/mo payment. Total monthly income totals $4,838/mo. ROI tracks 10.29% on current figures, and rental yield reads 8.44% at a $688,000 purchase. Equity gained on principal adds $4,440/yr, and 5% annual appreciation supports $190,082 over five years. Five-year ROI reaches 55.9% and total cumulative return in cash sums $126,532. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,838/mo property income instead of your personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
$1,909 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60091, Wilmette, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,598 (100%) |
| Owner Occupied HU | 8,510 (80.3%) |
| Renter Occupied HU | 1,468 (13.9%) |
| Vacant Housing Units | 620 ( 5.9%) |
| Median Home Value | $768,626 |
| Average Home Value | $890,982 |
Housing Distribution
Address Breakdown
Residential
10,487
Single Family
8,715
Multi-Family
1,772
Businesses
835
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Listed by: Marina Burman • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12437018
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)