1636 Ashland Ave UNIT 509Des PlainesIL60016
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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 1636 Ashland Ave UNIT 509, Des Plaines, IL, 60016 uses $102,765 cash to close to unlock $3,781/yr annual cash flow and $315/mo monthly cash flow. Total monthly income runs $2,923/mo, and a $1,517/mo payment keeps the spread at $315/mo. Purchase price stands at $310,000, and rental yield measures 11.31% with $2,923/mo rent. Return on cash invested shows 23.59% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 125.52% and total cumulative return in cash records $128,995. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,923/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
$458 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60016, Des Plaines, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,341 (100%) |
| Owner Occupied HU | 16,181 (61.4%) |
| Renter Occupied HU | 8,194 (31.1%) |
| Vacant Housing Units | 1,966 ( 7.5%) |
| Median Home Value | $323,180 |
| Average Home Value | $335,747 |
Housing Distribution
Address Breakdown
Residential
25,701
Single Family
12,431
Multi-Family
13,270
Businesses
1,198
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Listed by: Craig Tinder, CRS,CSC • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12431995
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 listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)