2319 N Hamilton Ave APT 5ChicagoIL60647
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2319 N Hamilton Ave APT 5, Chicago, IL, 60647 uses $183,911 cash to close to unlock $21,104/yr annual cash flow and $1,759/mo monthly cash flow. Total monthly income runs $5,708/mo, and a $2,736/mo payment keeps the spread at $1,759/mo. Purchase price stands at $559,000, and rental yield measures 12.25% with $5,708/mo rent. Return on cash invested shows 31.54% in year one, and 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 166.32% and total cumulative return in cash records $305,883. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,708/mo property income covering a $2,736/mo payment rather than investor’s personal income.
Townhouse
Built in 2001
N/A lot
$N/A/sqft
$216 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dennis Huyck • Keller Williams ONEChicago
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12160654
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. 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](/info/mls-disclaimers/#mls_17)