1636 W Melrose St APT 102ChicagoIL60657
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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 Chicago at 1636 W Melrose St APT 102, Chicago, IL, 60657 earns $633/mo cash flow from $2,888/mo rent with a $1,591/mo payment. Total monthly income totals $2,888/mo, and annual cash flow totals $7,601/yr on $107,738 capital. ROI tracks 26.96% on current figures, and rental yield reads 10.66% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 141.68% and total cumulative return in cash sums $152,641. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,888/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60657, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,834 (100%) |
| Owner Occupied HU | 15,811 (34.5%) |
| Renter Occupied HU | 26,750 (58.4%) |
| Vacant Housing Units | 3,273 ( 7.1%) |
| Median Home Value | $548,884 |
| Average Home Value | $687,417 |
Housing Distribution
Address Breakdown
Residential
41,857
Single Family
7,557
Multi-Family
34,300
Businesses
2,016
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