2037 N Harlem Ave APT 3EChicagoIL60707
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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 2037 N Harlem Ave APT 3E, Chicago, IL, 60707 earns $161/mo cash flow from $1,375/mo rent with a $857/mo payment. Total monthly income totals $1,375/mo, and annual cash flow totals $1,928/yr on $58,013 capital. ROI tracks 23.23% on current figures, and rental yield reads 9.43% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 121.66% and total cumulative return in cash sums $70,579. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,375/mo property income instead of your personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60707, Elmwood Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,103 (100%) |
| Owner Occupied HU | 10,714 (62.6%) |
| Renter Occupied HU | 5,452 (31.9%) |
| Vacant Housing Units | 937 ( 5.5%) |
| Median Home Value | $338,856 |
| Average Home Value | $357,155 |
Housing Distribution
Address Breakdown
Residential
16,178
Single Family
10,741
Multi-Family
5,437
Businesses
689
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