2205 W Highland Ave #2NChicagoIL60659
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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 2205 W Highland Ave #2N, Chicago, IL, 60659 uses $62,985 cash to close to unlock $1,777/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $1,466/mo, and a $930/mo payment keeps the spread at $148/mo. Purchase price stands at $190,000, and rental yield measures 9.26% with $1,466/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 119% and total cumulative return in cash records $74,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,466/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60659, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,807 (100%) |
| Owner Occupied HU | 5,853 (39.5%) |
| Renter Occupied HU | 7,914 (53.4%) |
| Vacant Housing Units | 1,040 ( 7.0%) |
| Median Home Value | $425,080 |
| Average Home Value | $429,254 |
Housing Distribution
Address Breakdown
Residential
13,192
Single Family
4,774
Multi-Family
8,418
Businesses
1,440
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