2824 Union StBlue IslandIL60406
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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 Blue Island at 2824 Union St, Blue Island, IL, 60406 offers a 8.26% rental yield on a $299,000 purchase with $2,058/mo rent. 72% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 102.84% and total cumulative return in cash at $101,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,058/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1887
3,640 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60406, Blue Island, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,881 (100%) |
| Owner Occupied HU | 4,492 (45.5%) |
| Renter Occupied HU | 4,125 (41.7%) |
| Vacant Housing Units | 1,264 (12.8%) |
| Median Home Value | $174,880 |
| Average Home Value | $200,210 |
Housing Distribution
Address Breakdown
Residential
8,468
Single Family
6,668
Multi-Family
1,800
Businesses
608
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Listed by: Blanca Moreno • RE/MAX 1st Service
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12423536