2032 N 18th AveMelrose ParkIL60160
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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 Melrose Park at 2032 N 18th Ave, Melrose Park, IL, 60160 earns $625/mo cash flow from $1,797/mo rent with a $827/mo payment. Total monthly income totals $1,797/mo, and annual cash flow totals $7,499/yr on $56,024 capital. ROI tracks 33.3% on current figures, and rental yield reads 12.76% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 175.59% and total cumulative return in cash sums $98,371. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,797/mo property income instead of your personal income.
Multi Family
Built in 1920
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60160, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 4,094 (47.2%) |
| Renter Occupied HU | 4,077 (47.0%) |
| Vacant Housing Units | 507 ( 5.8%) |
| Median Home Value | $286,722 |
| Average Home Value | $279,533 |
Housing Distribution
Address Breakdown
Residential
7,552
Single Family
5,458
Multi-Family
2,094
Businesses
879
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Listed by: Landon Kelly • Real Broker, LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12426746