2714 W Armitage AveChicagoIL60647
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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 $3,058/mo, and a $3,543/mo payment. Purchase price stands at $723,800, and rental yield measures 5.07% with $3,058/mo rent. Return on cash invested shows 10.17% in year one, and 5% annual appreciation builds toward $199,973 over five years. Five-year ROI reaches 51.58% and total cumulative return in cash records $122,820. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,058/mo property income covering a $3,543/mo payment rather than investor’s personal income.
Apartment
Built in 1891
3,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60647, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,715 (100%) |
| Owner Occupied HU | 14,112 (34.7%) |
| Renter Occupied HU | 23,027 (56.6%) |
| Vacant Housing Units | 3,576 ( 8.8%) |
| Median Home Value | $545,438 |
| Average Home Value | $636,453 |
Housing Distribution
Address Breakdown
Residential
35,146
Single Family
17,125
Multi-Family
18,021
Businesses
2,271
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