3129 N Oconto AveChicagoIL60707
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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 3129 N Oconto Ave, Chicago, IL, 60707 priced at $747,500 pairs $6,116/mo rent with $931/mo cash flow after a $3,659/mo payment. Total monthly income equals $6,116/mo, and annual cash flow comes to $11,170/yr on $245,928 invested. Return on cash invested is 24.6% in year one, and rental yield stands at 9.82% on a $747,500 basis. Equity gained on principal adds $4,824/yr, and 5% annual appreciation accumulates to $206,520 by year five. Five-year ROI measures 128.96% and total cumulative return in cash reaches $317,149. For financing, Ziffy Mortgage’s DSCR program evaluates $6,116/mo property income against a $3,659/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60707, Elmwood Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,103 (100%) |
| Owner Occupied HU | 10,714 (62.6%) |
| Renter Occupied HU | 5,452 (31.9%) |
| Vacant Housing Units | 937 ( 5.5%) |
| Median Home Value | $338,856 |
| Average Home Value | $357,155 |
Housing Distribution
Address Breakdown
Residential
16,178
Single Family
10,741
Multi-Family
5,437
Businesses
689
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Nearby investment properties with comparable prices
Listed by: Katherine Shubert, CSC,SRS • City Homes Real Estate, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12415762
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)