2335 W Belle Plaine Ave APT 306ChicagoIL60618
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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 W Belle Plaine Ave APT 306, Chicago, IL, 60618 uses $82,875 cash to close to unlock $583/yr annual cash flow and $49/mo monthly cash flow. Total monthly income runs $1,783/mo, and a $1,224/mo payment keeps the spread at $49/mo. Purchase price stands at $250,000, and rental yield measures 8.56% with $1,783/mo rent. Return on cash invested shows 20.61% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 107.61% and total cumulative return in cash records $89,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,783/mo property income covering a $1,224/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: 60618, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,449 (100%) |
| Owner Occupied HU | 17,253 (42.7%) |
| Renter Occupied HU | 19,862 (49.1%) |
| Vacant Housing Units | 3,334 ( 8.2%) |
| Median Home Value | $543,001 |
| Average Home Value | $610,118 |
Housing Distribution
Address Breakdown
Residential
33,669
Single Family
18,656
Multi-Family
15,013
Businesses
2,411
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