2970 N Lake Shore Dr #4D-4EChicagoIL60657
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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 Chicago at 2970 N Lake Shore Dr #4D-4E, Chicago, IL, 60657 offers a 9.76% rental yield on a $749,900 purchase with $6,101/mo rent. Total monthly income registers $6,101/mo, and a $3,670/mo payment leaves $900/mo available for distribution. Annual cash flow reaches $10,799/yr on $246,717 to close, and return on cash invested stands at 24.44% in year one. Equity gained on principal adds $4,839/yr while 5% annual appreciation supports $207,184 over five years. Portfolio math shows five-year ROI at 128.07% and total cumulative return in cash at $315,982. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,101/mo property income against a $3,670/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1953
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60657, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,834 (100%) |
| Owner Occupied HU | 15,811 (34.5%) |
| Renter Occupied HU | 26,750 (58.4%) |
| Vacant Housing Units | 3,273 ( 7.1%) |
| Median Home Value | $548,884 |
| Average Home Value | $687,417 |
Housing Distribution
Address Breakdown
Residential
41,857
Single Family
7,557
Multi-Family
34,300
Businesses
2,016
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