2847 N Meade AveChicagoIL60634
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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 2847 N Meade Ave, Chicago, IL, 60634 generates $3,814/mo in rent and, after a $2,203/mo payment, leaves $692/mo in cash flow. Total monthly income is $3,814/mo, and annual cash flow is $8,307/yr on $149,175 invested. Return on cash invested sits at 25.48% in year one, and rental yield is 10.17% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 133.71% and total cumulative return in cash sums $199,458. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,814/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
3,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60634, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,801 (100%) |
| Owner Occupied HU | 18,998 (68.3%) |
| Renter Occupied HU | 7,274 (26.2%) |
| Vacant Housing Units | 1,529 ( 5.5%) |
| Median Home Value | $343,536 |
| Average Home Value | $362,108 |
Housing Distribution
Address Breakdown
Residential
25,204
Single Family
19,890
Multi-Family
5,314
Businesses
1,372
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