2441 N Laramie 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
Total monthly income runs $2,389/mo, and a $3,024/mo payment. Purchase price stands at $617,800, and rental yield measures 4.64% with $2,389/mo rent. Return on cash invested shows 8.86% in year one, and 5% annual appreciation builds toward $170,687 over five years. Five-year ROI reaches 44.57% and total cumulative return in cash records $90,596. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,389/mo property income covering a $3,024/mo payment rather than investor’s personal income.
Multi Family
Built in 1970
3,049 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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