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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Steger at 232 Camden Dr, Steger, IL, 60475 with 5% annual appreciation on a $164,500 basis while $1,245/mo rent supports operations. Total monthly income totals $1,245/mo and a $805/mo payment preserves $104/mo for cash returns. Annual cash flow comes to $1,250/yr on $54,532 deployed, and return on cash invested reaches 22.2% in year one. Equity gained on principal adds $1,061/yr, and five-year appreciation sums $45,448 alongside rental yield of 9.08%. Five-year ROI measures 116.21% and total cumulative return in cash totals $63,370.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,245/mo property income versus a $805/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 60475, Steger, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,541 (100%) |
| Owner Occupied HU | 2,467 (54.3%) |
| Renter Occupied HU | 1,684 (37.1%) |
| Vacant Housing Units | 390 ( 8.6%) |
| Median Home Value | $159,193 |
| Average Home Value | $265,384 |
Residential
4,166
Single Family
3,479
Multi-Family
687
Businesses
282
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Listed for sale | $164,500 |
| 2024-11-19 | Sold | $45,100 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-30 | $2940.02 | 3.65% | $34,797 | 12.52% |
| 2022-05-30 | $2836.56 | 8.02% | $30,925 | 9.22% |
| 2021-05-30 | $2626.02 | 4.87% | $28,314 | 6.70% |
Listed by: Ayesha Afaq • RE/MAX Action
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12375036
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)
