2400 Park PlEvanstonIL60201
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
Rental property for sale in Evanston at 2400 Park Pl, Evanston, IL, 60201 generates $3,932/mo in rent, after a $5,383/mo payment. Total monthly income is $3,932/mo. Return on cash invested sits at 7.92% in year one, and rental yield is 4.29% on a $1,099,900 entry. Equity gained on principal adds $7,097/yr, while 5% annual appreciation builds toward $303,882 over five years. Five-year ROI reaches 39.47% and total cumulative return in cash sums $140,664. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,932/mo property income rather than buyer’s personal income.
Single Family
Built in 1911
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60201, Evanston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,520 (100%) |
| Owner Occupied HU | 9,418 (48.2%) |
| Renter Occupied HU | 7,818 (40.1%) |
| Vacant Housing Units | 2,284 (11.7%) |
| Median Home Value | $586,169 |
| Average Home Value | $643,981 |
Housing Distribution
Address Breakdown
Residential
18,839
Single Family
8,171
Multi-Family
10,668
Businesses
1,446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ron Ehlers • Compass
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12373072
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)