314 E 31st StLa Grange ParkIL60526
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.39% yield at 314 E 31st St, La Grange Park, IL, 60526 in La Grange Park is solid, but the $1,482/mo payment compresses net cash flow to $19/mo at $329,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $91,035 by year five, and $3,035/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.55) without U.S. income documentation. Total projected return: $127,219.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.0% |
| Monthly Cash Flow | $19 | $1,500 |
City averages based on La Grange Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,304 |
| Total Monthly Debt Service | $2,154 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1954
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60526, La Grange Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,438 (100%) |
| Owner Occupied HU | 3,746 (68.9%) |
| Renter Occupied HU | 1,179 (21.7%) |
| Vacant Housing Units | 513 ( 9.4%) |
| Median Home Value | $424,827 |
| Average Home Value | $477,332 |
Housing Distribution
Address Breakdown
Residential
5,353
Single Family
3,847
Multi-Family
1,506
Businesses
176
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
Single Family
Built in 1954
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60526, La Grange Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,438 (100%) |
| Owner Occupied HU | 3,746 (68.9%) |
| Renter Occupied HU | 1,179 (21.7%) |
| Vacant Housing Units | 513 ( 9.4%) |
| Median Home Value | $424,827 |
| Average Home Value | $477,332 |
Housing Distribution
Address Breakdown
Residential
5,353
Single Family
3,847
Multi-Family
1,506
Businesses
176
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Timothy Obrien • All County Fox Valley Property Management
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12532483