31 N Austin BlvdChicagoIL60644
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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 31 N Austin Blvd, Chicago, IL, 60644 priced at $549,999 converts $3,800/mo rent into after a $2,692/mo obligation. Total monthly income equals $3,800/mo. Return on cash invested prints 19.96% in year one, and rental yield reads 8.29% against a $549,999 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 104.1% and total cumulative return in cash sums $188,373. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,800/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60644, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,263 (100%) |
| Owner Occupied HU | 5,038 (24.9%) |
| Renter Occupied HU | 13,183 (65.1%) |
| Vacant Housing Units | 2,042 (10.1%) |
| Median Home Value | $273,262 |
| Average Home Value | $352,624 |
Housing Distribution
Address Breakdown
Residential
15,369
Single Family
6,728
Multi-Family
8,641
Businesses
915
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