233 N Lorel AveChicagoIL60644
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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 233 N Lorel Ave, Chicago, IL, 60644 earns from $2,323/mo rent with a $2,467/mo payment. Total monthly income totals $2,323/mo. ROI tracks 11.57% on current figures, and rental yield reads 5.53% at a $504,000 purchase. Equity gained on principal adds $3,252/yr, and 5% annual appreciation supports $139,246 over five years. Five-year ROI reaches 59.08% and total cumulative return in cash sums $97,960. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,323/mo property income instead of your personal income.
Multi Family
Built in 1893
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60644, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,263 (100%) |
| Owner Occupied HU | 5,038 (24.9%) |
| Renter Occupied HU | 13,183 (65.1%) |
| Vacant Housing Units | 2,042 (10.1%) |
| Median Home Value | $273,262 |
| Average Home Value | $352,624 |
Housing Distribution
Address Breakdown
Residential
15,369
Single Family
6,728
Multi-Family
8,641
Businesses
915
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