1700 E 56th St APT 1606ChicagoIL60637
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
Investment Highlights
Rental property for sale in Chicago at 1700 E 56th St APT 1606, Chicago, IL, 60637 generates $1,189/mo in rent, after a $734/mo payment. Total monthly income is $1,189/mo. Return on cash invested sits at 9.84% in year one, and rental yield is 9.52% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 54.77% and total cumulative return in cash sums $27,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,189/mo property income rather than buyer’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$566 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60637, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,309 (100%) |
| Owner Occupied HU | 5,112 (19.4%) |
| Renter Occupied HU | 17,180 (65.3%) |
| Vacant Housing Units | 4,017 (15.3%) |
| Median Home Value | $339,737 |
| Average Home Value | $433,374 |
Housing Distribution
Address Breakdown
Residential
22,517
Single Family
6,790
Multi-Family
15,727
Businesses
766
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Nearby investment properties with comparable prices
Listed by: Mario Greco • Compass
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12337282
Disclaimer: Based on information submitted to the MLS GRID as of 2025. 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](/mls-disclaimers/#17)