1636 W Augusta BlvdChicagoIL60622
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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 1636 W Augusta Blvd, Chicago, IL, 60622 priced at $599,900 converts $4,519/mo rent into $358/mo cash flow after a $2,936/mo obligation. Total monthly income equals $4,519/mo, and annual cash flow totals $4,298/yr on $197,367 invested. Return on cash invested prints 22.24% in year one, and rental yield reads 9.04% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 116.3% and total cumulative return in cash sums $229,540. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,519/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Multi Family
Built in 1895
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60622, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,030 (100%) |
| Owner Occupied HU | 9,870 (35.2%) |
| Renter Occupied HU | 16,053 (57.3%) |
| Vacant Housing Units | 2,107 ( 7.5%) |
| Median Home Value | $612,259 |
| Average Home Value | $695,744 |
Housing Distribution
Address Breakdown
Residential
24,386
Single Family
11,594
Multi-Family
12,792
Businesses
1,873
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