20 N State St APT 505ChicagoIL60602
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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 20 N State St APT 505, Chicago, IL, 60602 listed at $251,500 pairs $2,602/mo rent with a $1,231/mo payment to leave $348/mo cash flow. Total monthly income runs $2,602/mo, and annual cash flow reaches $4,170/yr on $83,372 cash to close. Return on cash invested measures 24.91% in year one, and rental yield registers 12.42% at a $251,500 basis. Equity gained on principal adds $1,623/yr, and annual property appreciation at 5% supports $69,485 by year five. Five-year ROI tracks 133.33% and total cumulative return in cash totals $111,157. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,602/mo property income relative to a $1,231/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1929
0.75 Acres lot
$N/A/sqft
$510 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60602, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,587 (100%) |
| Owner Occupied HU | 398 (25.1%) |
| Renter Occupied HU | 786 (49.5%) |
| Vacant Housing Units | 403 (25.4%) |
| Median Home Value | $1,289,855 |
| Average Home Value | $1,320,917 |
Housing Distribution
Address Breakdown
Residential
820
Single Family
1
Multi-Family
819
Businesses
1,880
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