2335 N Merrimac AveChicagoIL60639
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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 2335 N Merrimac Ave, Chicago, IL, 60639 with 5% annual appreciation on a $339,900 basis while $2,985/mo rent supports operations. Total monthly income totals $2,985/mo and a $1,664/mo payment preserves $627/mo for cash returns. Annual cash flow comes to $7,524/yr on $112,677 deployed, and return on cash invested reaches 26.59% in year one. Equity gained on principal adds $2,193/yr, and five-year appreciation sums $93,908 alongside rental yield of 10.54%. Five-year ROI measures 139.67% and total cumulative return in cash totals $157,379.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,985/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1924
3,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60639, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,466 (100%) |
| Owner Occupied HU | 11,870 (41.7%) |
| Renter Occupied HU | 14,488 (50.9%) |
| Vacant Housing Units | 2,108 ( 7.4%) |
| Median Home Value | $309,882 |
| Average Home Value | $337,314 |
Housing Distribution
Address Breakdown
Residential
20,504
Single Family
14,915
Multi-Family
5,589
Businesses
2,112
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