2216 N Cleveland AveChicagoIL60614
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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 2216 N Cleveland Ave, Chicago, IL, 60614 listed at $1,700,000 pairs $7,848/mo rent with a $8,321/mo payment. Total monthly income runs $7,848/mo. Return on cash invested measures 11.78% in year one, and rental yield registers 5.54% at a $1,700,000 basis. Equity gained on principal adds $10,970/yr, and annual property appreciation at 5% supports $469,679 by year five. Five-year ROI tracks 60.15% and total cumulative return in cash totals $331,291. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,848/mo property income relative to a $8,321/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1898
2,976 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60614, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,652 (100%) |
| Owner Occupied HU | 15,678 (39.5%) |
| Renter Occupied HU | 20,729 (52.3%) |
| Vacant Housing Units | 3,245 ( 8.2%) |
| Median Home Value | $725,252 |
| Average Home Value | $931,602 |
Housing Distribution
Address Breakdown
Residential
39,043
Single Family
10,459
Multi-Family
28,584
Businesses
1,922
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