2745 W Belmont AveChicagoIL60618
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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
Rental property for sale in Chicago at 2745 W Belmont Ave, Chicago, IL, 60618 offers $5,400/mo rent that, after a $2,523/mo payment, leaves $1,753/mo cash flow. Total monthly income is $5,400/mo, and annual cash flow is $21,035/yr on $169,573 cash. Return on cash invested measures 32.47% in year one, and rental yield stands at 12.57% at a $515,420 entry. Equity gained on principal adds $3,326/yr while 5% annual appreciation compounds into $142,401 by year five. Five-year ROI records 171.31% and total cumulative return in cash reaches $290,497. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,400/mo property income versus a $2,523/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in 1912
3,875 sqft 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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