1958 W Morse Ave #BChicagoIL60626
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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 1958 W Morse Ave #B, Chicago, IL, 60626 uses $116,025 cash to close to unlock $6,077/yr annual cash flow and $506/mo monthly cash flow. Total monthly income runs $2,934/mo, and a $1,713/mo payment keeps the spread at $506/mo. Purchase price stands at $350,000, and rental yield measures 10.06% with $2,934/mo rent. Return on cash invested shows 25.15% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 131.93% and total cumulative return in cash records $153,074. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,934/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Townhouse
Built in 1965
N/A lot
$N/A/sqft
No 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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