2328 N Normandy AveChicagoIL60707
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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 2328 N Normandy Ave, Chicago, IL, 60707 listed at $365,950 pairs $2,998/mo rent with a $1,791/mo payment to leave $460/mo cash flow. Total monthly income runs $2,998/mo, and annual cash flow reaches $5,518/yr on $121,312 cash to close. Return on cash invested measures 24.46% in year one, and rental yield registers 9.83% at a $365,950 basis. Equity gained on principal adds $2,361/yr, and annual property appreciation at 5% supports $101,105 by year five. Five-year ROI tracks 128.21% and total cumulative return in cash totals $155,537. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,998/mo property income relative to a $1,791/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1926
4,965 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60707, Elmwood Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,103 (100%) |
| Owner Occupied HU | 10,714 (62.6%) |
| Renter Occupied HU | 5,452 (31.9%) |
| Vacant Housing Units | 937 ( 5.5%) |
| Median Home Value | $338,856 |
| Average Home Value | $357,155 |
Housing Distribution
Address Breakdown
Residential
16,178
Single Family
10,741
Multi-Family
5,437
Businesses
689
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