1645 W Ogden Ave UNIT 717ChicagoIL60612
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 1645 W Ogden Ave UNIT 717, Chicago, IL, 60612 in Chicago at $264,777 earns $2,341/mo in rent and nets $9/mo after the $1,191/mo payment, a 10.61% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $73,153 over five years. Ziffy Mortgage underwrites this on a 1.97 DSCR without U.S. credit history. With $2,439/yr in principal paydown, total projected return reaches $103,974.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.1% |
| Monthly Cash Flow | $9 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,341 |
| Total Monthly Debt Service | $2,227 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2006
N/A lot
$N/A/sqft
$496 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60612, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,672 (100%) |
| Owner Occupied HU | 4,458 (25.2%) |
| Renter Occupied HU | 11,157 (63.1%) |
| Vacant Housing Units | 2,057 (11.6%) |
| Median Home Value | $388,854 |
| Average Home Value | $482,080 |
Housing Distribution
Address Breakdown
Residential
14,889
Single Family
7,444
Multi-Family
7,445
Businesses
1,582
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2006
N/A lot
$N/A/sqft
$496 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60612, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,672 (100%) |
| Owner Occupied HU | 4,458 (25.2%) |
| Renter Occupied HU | 11,157 (63.1%) |
| Vacant Housing Units | 2,057 (11.6%) |
| Median Home Value | $388,854 |
| Average Home Value | $482,080 |
Housing Distribution
Address Breakdown
Residential
14,889
Single Family
7,444
Multi-Family
7,445
Businesses
1,582
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices