29 E Scott StChicagoIL60610
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play29 E Scott St, Chicago, IL, 60610 in Chicago is priced for appreciation, not yield. Rental yield 1.91%. At $1,990,000 with a 1.91% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $549,800 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.35) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $77,164.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.9% | 6.1% |
| Monthly Cash Flow | $(10,628) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,175 |
| Total Monthly Debt Service | $13,011 |
| DSCR Ratio | 0.24x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1888
1,406 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60610, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,859 (100%) |
| Owner Occupied HU | 9,258 (28.2%) |
| Renter Occupied HU | 19,303 (58.7%) |
| Vacant Housing Units | 4,298 (13.1%) |
| Median Home Value | $546,047 |
| Average Home Value | $676,055 |
Housing Distribution
Address Breakdown
Residential
30,994
Single Family
2,310
Multi-Family
28,684
Businesses
1,175
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1888
1,406 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60610, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,859 (100%) |
| Owner Occupied HU | 9,258 (28.2%) |
| Renter Occupied HU | 19,303 (58.7%) |
| Vacant Housing Units | 4,298 (13.1%) |
| Median Home Value | $546,047 |
| Average Home Value | $676,055 |
Housing Distribution
Address Breakdown
Residential
30,994
Single Family
2,310
Multi-Family
28,684
Businesses
1,175
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices