1653 E 55th St #2ChicagoIL60615
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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 1653 E 55th St #2, Chicago, IL, 60615 earns $520/mo cash flow from $3,518/mo rent with a $1,713/mo payment. Total monthly income totals $3,518/mo, and annual cash flow totals $6,235/yr on $115,992 capital. ROI tracks 25.28% on current figures, and rental yield reads 12.07% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 134.8% and total cumulative return in cash sums $156,354. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,518/mo property income instead of your personal income.
Condo
Built in 1908
N/A lot
$N/A/sqft
$571 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60615, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,501 (100%) |
| Owner Occupied HU | 6,711 (25.3%) |
| Renter Occupied HU | 16,635 (62.8%) |
| Vacant Housing Units | 3,155 (11.9%) |
| Median Home Value | $394,556 |
| Average Home Value | $476,226 |
Housing Distribution
Address Breakdown
Residential
23,769
Single Family
3,485
Multi-Family
20,284
Businesses
850
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Nearby investment properties with comparable prices
Listed by: Michael Horwitz • Cross Street Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12180964
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)