2743 Bellwood AveMelrose ParkIL60164
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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 Melrose Park at 2743 Bellwood Ave, Melrose Park, IL, 60164 earns from $1,723/mo rent with a $1,224/mo payment. Total monthly income totals $1,723/mo. ROI tracks 19.74% on current figures, and rental yield reads 8.27% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 102.95% and total cumulative return in cash sums $85,318. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,723/mo property income instead of your personal income.
Single Family
Built in 1954
9,975 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60164, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,356 (100%) |
| Owner Occupied HU | 5,078 (69.0%) |
| Renter Occupied HU | 1,787 (24.3%) |
| Vacant Housing Units | 491 ( 6.7%) |
| Median Home Value | $253,896 |
| Average Home Value | $283,058 |
Housing Distribution
Address Breakdown
Residential
7,059
Single Family
5,387
Multi-Family
1,672
Businesses
403
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Listed by: Cathy Lee Barbaccia • Partners Real Estate of IL
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12465347