3400 N Lake Shore Dr APT 2DChicagoIL60657
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3400 N Lake Shore Dr APT 2D, Chicago, IL, 60657 in Chicago carries a 1.75 coverage ratio, rent of $9,774/mo is 1.75 times the $5,591/mo payment. Rental yield 9.43%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $1,243,300 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $343,501; total projected cumulative return: $443,343.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.1% |
| Monthly Cash Flow | $(619) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $9,774 |
| Total Monthly Debt Service | $9,898 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Multi Family
Built in 1922
0.82 Acres lot
$N/A/sqft
$1,769 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60657, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,834 (100%) |
| Owner Occupied HU | 15,811 (34.5%) |
| Renter Occupied HU | 26,750 (58.4%) |
| Vacant Housing Units | 3,273 ( 7.1%) |
| Median Home Value | $548,884 |
| Average Home Value | $687,417 |
Housing Distribution
Address Breakdown
Residential
41,857
Single Family
7,557
Multi-Family
34,300
Businesses
2,016
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
Multi Family
Built in 1922
0.82 Acres lot
$N/A/sqft
$1,769 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60657, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,834 (100%) |
| Owner Occupied HU | 15,811 (34.5%) |
| Renter Occupied HU | 26,750 (58.4%) |
| Vacant Housing Units | 3,273 ( 7.1%) |
| Median Home Value | $548,884 |
| Average Home Value | $687,417 |
Housing Distribution
Address Breakdown
Residential
41,857
Single Family
7,557
Multi-Family
34,300
Businesses
2,016
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices