215 S Chicago AveKankakeeIL60901
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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
Rental property for sale in Kankakee at 215 S Chicago Ave, Kankakee, IL, 60901 generates $1,488/mo in rent and, after a $949/mo payment, leaves $143/mo in cash flow. Total monthly income is $1,488/mo, and annual cash flow is $1,717/yr on $64,278 invested. Return on cash invested sits at 22.58% in year one, and rental yield is 9.21% on a $193,900 entry. Equity gained on principal adds $1,251/yr, while 5% annual appreciation builds toward $53,571 over five years. Five-year ROI reaches 118.23% and total cumulative return in cash sums $75,997. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,488/mo property income rather than buyer’s personal income.
Single Family
Built in 1907
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60901, Kankakee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,840 (100%) |
| Owner Occupied HU | 8,017 (54.0%) |
| Renter Occupied HU | 5,123 (34.5%) |
| Vacant Housing Units | 1,700 (11.5%) |
| Median Home Value | $164,120 |
| Average Home Value | $210,330 |
Housing Distribution
Address Breakdown
Residential
13,288
Single Family
11,785
Multi-Family
1,503
Businesses
1,130
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