1639 W Farwell Ave APT 1ChicagoIL60626
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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 1639 W Farwell Ave APT 1, Chicago, IL, 60626 generates $2,623/mo in rent and, after a $1,544/mo payment, leaves $174/mo in cash flow. Total monthly income is $2,623/mo, and annual cash flow is $2,089/yr on $104,555 invested. Return on cash invested sits at 21.91% in year one, and rental yield is 9.98% on a $315,400 entry. Equity gained on principal adds $2,035/yr, while 5% annual appreciation builds toward $87,139 over five years. Five-year ROI reaches 115.67% and total cumulative return in cash sums $120,935. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,623/mo property income rather than buyer’s personal income.
Condo
Built in 1925
0.44 Acres lot
$N/A/sqft
$261 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60626, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,128 (100%) |
| Owner Occupied HU | 6,719 (24.8%) |
| Renter Occupied HU | 18,203 (67.1%) |
| Vacant Housing Units | 2,206 ( 8.1%) |
| Median Home Value | $346,554 |
| Average Home Value | $392,279 |
Housing Distribution
Address Breakdown
Residential
24,710
Single Family
2,336
Multi-Family
22,374
Businesses
779
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