2914 W Polk StChicagoIL60612
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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 2914 W Polk St, Chicago, IL, 60612 generates $2,257/mo in rent, after a $2,242/mo payment. Total monthly income is $2,257/mo. Return on cash invested sits at 12.64% in year one, and rental yield is 5.91% on a $458,000 entry. Equity gained on principal adds $2,955/yr, while 5% annual appreciation builds toward $126,537 over five years. Five-year ROI reaches 64.82% and total cumulative return in cash sums $98,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,257/mo property income rather than buyer’s personal income.
Multi Family
Built in 1917
3,049 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
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