3106 Martin AveMelrose ParkIL60164
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 Melrose Park at 3106 Martin Ave, Melrose Park, IL, 60164 earns $751/mo cash flow from $3,109/mo rent with a $1,664/mo payment. Total monthly income totals $3,109/mo, and annual cash flow totals $9,012/yr on $112,677 capital. ROI tracks 27.91% on current figures, and rental yield reads 10.98% at a $339,900 purchase. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 over five years. Five-year ROI reaches 146.75% and total cumulative return in cash sums $165,359. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,109/mo property income instead of your personal income.
Single Family
Built in 1957
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60164, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,356 (100%) |
| Owner Occupied HU | 5,078 (69.0%) |
| Renter Occupied HU | 1,787 (24.3%) |
| Vacant Housing Units | 491 ( 6.7%) |
| Median Home Value | $253,896 |
| Average Home Value | $283,058 |
Housing Distribution
Address Breakdown
Residential
7,059
Single Family
5,387
Multi-Family
1,672
Businesses
403
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Nearby investment properties with comparable prices
Listed by: Christina Bertsche • RCI Real Estate Group
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12384100
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)