2323 W Pershing Rd APT 230ChicagoIL60609
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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 2323 W Pershing Rd APT 230, Chicago, IL, 60609 uses $79,527 cash to close to unlock $5,366/yr annual cash flow and $447/mo monthly cash flow. Total monthly income runs $2,111/mo, and a $1,174/mo payment keeps the spread at $447/mo. Purchase price stands at $239,900, and rental yield measures 10.56% with $2,111/mo rent. Return on cash invested shows 26.66% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 140.05% and total cumulative return in cash records $111,379. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,111/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60609, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,870 (100%) |
| Owner Occupied HU | 8,623 (34.7%) |
| Renter Occupied HU | 13,097 (52.7%) |
| Vacant Housing Units | 3,150 (12.7%) |
| Median Home Value | $276,214 |
| Average Home Value | $326,996 |
Housing Distribution
Address Breakdown
Residential
17,106
Single Family
13,314
Multi-Family
3,792
Businesses
1,598
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