1628 Prospect AveDes PlainesIL60018
Nearby investment properties with comparable rents
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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 Des Plaines at 1628 Prospect Ave, Des Plaines, IL, 60018 earns $100/mo cash flow from $2,087/mo rent with a $1,402/mo payment. Total monthly income totals $2,087/mo, and annual cash flow totals $1,201/yr on $94,975 capital. ROI tracks 21.17% on current figures, and rental yield reads 8.74% at a $286,500 purchase. Equity gained on principal adds $1,849/yr, and 5% annual appreciation supports $79,155 over five years. Five-year ROI reaches 110.65% and total cumulative return in cash sums $105,093. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,087/mo property income instead of your personal income.
Multi Family
Built in 1943
3,875 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60018, Des Plaines, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,621 (100%) |
| Owner Occupied HU | 7,471 (70.3%) |
| Renter Occupied HU | 2,642 (24.9%) |
| Vacant Housing Units | 508 ( 4.8%) |
| Median Home Value | $323,190 |
| Average Home Value | $328,090 |
Housing Distribution
Address Breakdown
Residential
10,775
Single Family
8,063
Multi-Family
2,712
Businesses
1,635
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Listed by: Lisa Wolf • Keller Williams North Shore West
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12366925
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)