2123 Wallace AveNorth ChicagoIL60064
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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 North Chicago at 2123 Wallace Ave, North Chicago, IL, 60064 uses $89,472 cash to close to unlock $8,687/yr annual cash flow and $724/mo monthly cash flow. Total monthly income runs $2,596/mo, and a $1,321/mo payment keeps the spread at $724/mo. Purchase price stands at $269,900, and rental yield measures 11.54% with $2,596/mo rent. Return on cash invested shows 29.62% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 155.88% and total cumulative return in cash records $139,470. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,596/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1971
3,275 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60064, North Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,456 (100%) |
| Owner Occupied HU | 2,216 (40.6%) |
| Renter Occupied HU | 2,649 (48.6%) |
| Vacant Housing Units | 591 (10.8%) |
| Median Home Value | $162,793 |
| Average Home Value | $246,053 |
Housing Distribution
Address Breakdown
Residential
5,067
Single Family
4,080
Multi-Family
987
Businesses
325
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Listed by: Maria Gomez • Shopping Casas Chicago LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12506102