318 W 24th PlChicagoIL60616
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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 318 W 24th Pl, Chicago, IL, 60616 generates $5,400/mo in rent and, after a $3,367/mo payment, leaves $628/mo in cash flow. Total monthly income is $5,400/mo, and annual cash flow is $7,540/yr on $226,352 invested. Return on cash invested sits at 23.39% in year one, and rental yield is 9.42% on a $688,000 entry. Equity gained on principal adds $4,440/yr, while 5% annual appreciation builds toward $190,082 over five years. Five-year ROI reaches 122.48% and total cumulative return in cash sums $277,240. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,400/mo property income rather than buyer’s personal income.
Multi Family
Built in 1890
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60616, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,617 (100%) |
| Owner Occupied HU | 8,535 (30.9%) |
| Renter Occupied HU | 16,441 (59.5%) |
| Vacant Housing Units | 2,641 ( 9.6%) |
| Median Home Value | $405,780 |
| Average Home Value | $465,159 |
Housing Distribution
Address Breakdown
Residential
23,897
Single Family
6,943
Multi-Family
16,954
Businesses
1,662
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