2 E Erie St APT 1414ChicagoIL60611
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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 2 E Erie St APT 1414, Chicago, IL, 60611 generates $3,169/mo in rent and, after a $1,662/mo payment, leaves $814/mo in cash flow. Total monthly income is $3,169/mo, and annual cash flow is $9,766/yr on $112,544 invested. Return on cash invested sits at 28.59% in year one, and rental yield is 11.2% on a $339,500 entry. Equity gained on principal adds $2,191/yr, while 5% annual appreciation builds toward $93,798 over five years. Five-year ROI reaches 150.37% and total cumulative return in cash sums $169,229. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,169/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60611, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,898 (100%) |
| Owner Occupied HU | 10,875 (35.2%) |
| Renter Occupied HU | 14,462 (46.8%) |
| Vacant Housing Units | 5,561 (18.0%) |
| Median Home Value | $653,416 |
| Average Home Value | $849,379 |
Housing Distribution
Address Breakdown
Residential
28,622
Single Family
473
Multi-Family
28,149
Businesses
2,018
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