2308 W North Ave APT 3EChicagoIL60647
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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 2308 W North Ave APT 3E, Chicago, IL, 60647 uses $192,319 cash to close to unlock $2,694/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $4,279/mo, and a $2,861/mo payment keeps the spread at $225/mo. Purchase price stands at $584,555, and rental yield measures 8.78% with $4,279/mo rent. Return on cash invested shows 21.46% in year one, and 5% annual appreciation builds toward $161,502 over five years. Five-year ROI reaches 112.13% and total cumulative return in cash records $215,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,279/mo property income covering a $2,861/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60647, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,715 (100%) |
| Owner Occupied HU | 14,112 (34.7%) |
| Renter Occupied HU | 23,027 (56.6%) |
| Vacant Housing Units | 3,576 ( 8.8%) |
| Median Home Value | $545,438 |
| Average Home Value | $636,453 |
Housing Distribution
Address Breakdown
Residential
35,146
Single Family
17,125
Multi-Family
18,021
Businesses
2,271
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