227 Chicago Ave APT 1Oak ParkIL60302
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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 Oak Park at 227 Chicago Ave APT 1, Oak Park, IL, 60302 priced at $169,000 pairs $1,280/mo rent with after a $827/mo payment. Total monthly income equals $1,280/mo. Return on cash invested is 15.07% in year one, and rental yield stands at 9.09% on a $169,000 basis. Equity gained on principal adds $1,091/yr, and 5% annual appreciation accumulates to $46,692 by year five. Five-year ROI measures 80.44% and total cumulative return in cash reaches $45,067. For financing, Ziffy Mortgage’s DSCR program evaluates $1,280/mo property income against a $827/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1923
N/A lot
$N/A/sqft
$334 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60302, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,205 (100%) |
| Owner Occupied HU | 8,776 (54.2%) |
| Renter Occupied HU | 5,976 (36.9%) |
| Vacant Housing Units | 1,453 ( 9.0%) |
| Median Home Value | $527,016 |
| Average Home Value | $564,863 |
Housing Distribution
Address Breakdown
Residential
15,552
Single Family
6,924
Multi-Family
8,628
Businesses
783
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Listed by: Catherine Simon-Vobornik • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12313154
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)