3240 S Parnell AveChicagoIL60616
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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 3240 S Parnell Ave, Chicago, IL, 60616 with 5% annual appreciation on a $379,000 basis while $3,231/mo rent supports operations. Total monthly income totals $3,231/mo and a $1,855/mo payment preserves $602/mo for cash returns. Annual cash flow comes to $7,226/yr on $125,639 deployed, and return on cash invested reaches 25.66% in year one. Equity gained on principal adds $2,446/yr, and five-year appreciation sums $104,711 alongside rental yield of 10.23%. Five-year ROI measures 134.69% and total cumulative return in cash totals $169,223.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,231/mo property income versus a $1,855/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1883
3,062 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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