3024 N Long AveChicagoIL60641
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
Investment Highlights
Investment property for sale in Chicago at 3024 N Long Ave, Chicago, IL, 60641 earns $719/mo cash flow from $2,935/mo rent with a $1,564/mo payment. Total monthly income totals $2,935/mo, and annual cash flow totals $8,624/yr on $105,914 capital. ROI tracks 28.05% on current figures, and rental yield reads 11.02% at a $319,500 purchase. Equity gained on principal adds $2,062/yr, and 5% annual appreciation supports $88,272 over five years. Five-year ROI reaches 147.49% and total cumulative return in cash sums $156,218. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,935/mo property income instead of your personal income.
Single Family
Built in 1928
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60641, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,632 (100%) |
| Owner Occupied HU | 12,306 (44.5%) |
| Renter Occupied HU | 13,179 (47.7%) |
| Vacant Housing Units | 2,147 ( 7.8%) |
| Median Home Value | $381,958 |
| Average Home Value | $426,841 |
Housing Distribution
Address Breakdown
Residential
23,193
Single Family
14,293
Multi-Family
8,900
Businesses
1,540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices