3142 W 40th PlChicagoIL60632
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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 3142 W 40th Pl, Chicago, IL, 60632 listed at $330,000 pairs $1,918/mo rent with a $1,615/mo payment. Total monthly income runs $1,918/mo. Return on cash invested measures 15.84% in year one, and rental yield registers 6.97% at a $330,000 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,173 by year five. Five-year ROI tracks 82.05% and total cumulative return in cash totals $89,759. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,918/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1918
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60632, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,040 (100%) |
| Owner Occupied HU | 13,682 (48.8%) |
| Renter Occupied HU | 12,269 (43.8%) |
| Vacant Housing Units | 2,089 ( 7.5%) |
| Median Home Value | $260,945 |
| Average Home Value | $298,300 |
Housing Distribution
Address Breakdown
Residential
18,494
Single Family
16,437
Multi-Family
2,057
Businesses
1,600
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