3029 W 83rd PlChicagoIL60652
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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 3029 W 83rd Pl, Chicago, IL, 60652 uses $77,869 cash to close to unlock $317/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $1,656/mo, and a $1,150/mo payment keeps the spread at $26/mo. Purchase price stands at $234,900, and rental yield measures 8.46% with $1,656/mo rent. Return on cash invested shows 20.32% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 106.04% and total cumulative return in cash records $82,569. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,656/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1952
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60652, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,445 (100%) |
| Owner Occupied HU | 10,746 (79.9%) |
| Renter Occupied HU | 2,073 (15.4%) |
| Vacant Housing Units | 626 ( 4.7%) |
| Median Home Value | $253,889 |
| Average Home Value | $270,365 |
Housing Distribution
Address Breakdown
Residential
12,991
Single Family
11,775
Multi-Family
1,216
Businesses
602
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