2054 W Grand AveChicagoIL60612
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Chicago at 2054 W Grand Ave, Chicago, IL, 60612 projects strong ROI of -1.79%. Rental yield 1.42%. With 5% annual appreciation, the property builds $897,639 in value over five years. Equity growth combined delivers a projected five-year ROI of 4.29%, translating into $39,399 in total cumulative return on $917,843 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.4% | 6.1% |
| Monthly Cash Flow | $(18,696) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,840 |
| Total Monthly Debt Service | $21,243 |
| DSCR Ratio | 0.18x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 2013
6,624 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 2013
6,624 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices