2 S Leavitt St UNIT 201ChicagoIL60612
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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 2 S Leavitt St UNIT 201, Chicago, IL, 60612 uses $129,252 cash to close to unlock $5,639/yr annual cash flow and $470/mo monthly cash flow. Total monthly income runs $3,174/mo, and a $1,908/mo payment keeps the spread at $470/mo. Purchase price stands at $389,900, and rental yield measures 9.77% with $3,174/mo rent. Return on cash invested shows 24.27% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 127.2% and total cumulative return in cash records $164,413. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,174/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60612, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,672 (100%) |
| Owner Occupied HU | 4,458 (25.2%) |
| Renter Occupied HU | 11,157 (63.1%) |
| Vacant Housing Units | 2,057 (11.6%) |
| Median Home Value | $388,854 |
| Average Home Value | $482,080 |
Housing Distribution
Address Breakdown
Residential
14,889
Single Family
7,444
Multi-Family
7,445
Businesses
1,582
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