1638 N Hamlin AveChicagoIL60647
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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 1638 N Hamlin Ave, Chicago, IL, 60647 uses $246,421 cash to close to unlock $8,457/yr annual cash flow and $705/mo monthly cash flow. Total monthly income runs $5,900/mo, and a $3,666/mo payment keeps the spread at $705/mo. Purchase price stands at $749,000, and rental yield measures 9.45% with $5,900/mo rent. Return on cash invested shows 23.49% in year one, and 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 123% and total cumulative return in cash records $303,100. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,900/mo property income covering a $3,666/mo payment rather than investor’s personal income.
Single Family
Built in 1961
3,023 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60647, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,715 (100%) |
| Owner Occupied HU | 14,112 (34.7%) |
| Renter Occupied HU | 23,027 (56.6%) |
| Vacant Housing Units | 3,576 ( 8.8%) |
| Median Home Value | $545,438 |
| Average Home Value | $636,453 |
Housing Distribution
Address Breakdown
Residential
35,146
Single Family
17,125
Multi-Family
18,021
Businesses
2,271
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