2331 Ogden Ave APT 7Downers GroveIL60515
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 Downers Grove at 2331 Ogden Ave APT 7, Downers Grove, IL, 60515 uses $66,300 cash to close to unlock $6,524/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $2,353/mo, and a $979/mo payment keeps the spread at $544/mo. Purchase price stands at $200,000, and rental yield measures 14.12% with $2,353/mo rent. Return on cash invested shows 29.75% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 159.38% and total cumulative return in cash records $105,668. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,353/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$422 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60515, Downers Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,633 (100%) |
| Owner Occupied HU | 9,103 (72.1%) |
| Renter Occupied HU | 2,885 (22.8%) |
| Vacant Housing Units | 645 ( 5.1%) |
| Median Home Value | $518,927 |
| Average Home Value | $573,113 |
Housing Distribution
Address Breakdown
Residential
12,238
Single Family
8,757
Multi-Family
3,481
Businesses
1,888
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Listed by: Tracy Driscoll • Platinum Partners Realtors
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12418329
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)