2235 N Tripp AveChicagoIL60639
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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 2235 N Tripp Ave, Chicago, IL, 60639 uses $132,567 cash to close to unlock $7,818/yr annual cash flow and $652/mo monthly cash flow. Total monthly income runs $3,425/mo, and a $1,957/mo payment keeps the spread at $652/mo. Purchase price stands at $399,900, and rental yield measures 10.28% with $3,425/mo rent. Return on cash invested shows 25.81% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 135.45% and total cumulative return in cash records $179,564. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,425/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1899
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60639, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,466 (100%) |
| Owner Occupied HU | 11,870 (41.7%) |
| Renter Occupied HU | 14,488 (50.9%) |
| Vacant Housing Units | 2,108 ( 7.4%) |
| Median Home Value | $309,882 |
| Average Home Value | $337,314 |
Housing Distribution
Address Breakdown
Residential
20,504
Single Family
14,915
Multi-Family
5,589
Businesses
2,112
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