2909 W Harrison StChicagoIL60612
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 2909 W Harrison St, Chicago, IL, 60612 in Chicago: $3,060/mo in rent, $788/mo net, 11.21% gross yield, all on a $327,500 acquisition. The 2.08 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $90,482 in value, and $3,016/yr in principal paydown steadily builds equity. Projected total cumulative return: $175,990.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.1% |
| Monthly Cash Flow | $788 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,060 |
| Total Monthly Debt Service | $2,141 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Multi Family
Built in 1905
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60612, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,672 (100%) |
| Owner Occupied HU | 4,458 (25.2%) |
| Renter Occupied HU | 11,157 (63.1%) |
| Vacant Housing Units | 2,057 (11.6%) |
| Median Home Value | $388,854 |
| Average Home Value | $482,080 |
Housing Distribution
Address Breakdown
Residential
14,889
Single Family
7,444
Multi-Family
7,445
Businesses
1,582
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
Multi Family
Built in 1905
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60612, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,672 (100%) |
| Owner Occupied HU | 4,458 (25.2%) |
| Renter Occupied HU | 11,157 (63.1%) |
| Vacant Housing Units | 2,057 (11.6%) |
| Median Home Value | $388,854 |
| Average Home Value | $482,080 |
Housing Distribution
Address Breakdown
Residential
14,889
Single Family
7,444
Multi-Family
7,445
Businesses
1,582
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices