1856 W Huron StChicagoIL60622
Nearby investment properties with comparable rents
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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 1856 W Huron St, Chicago, IL, 60622 offers $8,958/mo rent that, after a $8,318/mo payment. Total monthly income is $8,958/mo. Return on cash invested measures 14.2% in year one, and rental yield stands at 6.33% at a $1,699,500 entry. Equity gained on principal adds $10,967/yr while 5% annual appreciation compounds into $469,541 by year five. Five-year ROI records 73.15% and total cumulative return in cash reaches $402,810. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,958/mo property income versus a $8,318/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
3,075 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60622, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,030 (100%) |
| Owner Occupied HU | 9,870 (35.2%) |
| Renter Occupied HU | 16,053 (57.3%) |
| Vacant Housing Units | 2,107 ( 7.5%) |
| Median Home Value | $612,259 |
| Average Home Value | $695,744 |
Housing Distribution
Address Breakdown
Residential
24,386
Single Family
11,594
Multi-Family
12,792
Businesses
1,873
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Listed by: Mario Greco • Compass
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12182165
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)