345 N La Salle Dr APT 509ChicagoIL60654
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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 345 N La Salle Dr APT 509, Chicago, IL, 60654 listed at $209,900 pairs $1,450/mo rent with a $1,027/mo payment. Total monthly income runs $1,450/mo. Return on cash invested measures 19.81% in year one, and rental yield registers 8.29% at a $209,900 basis. Equity gained on principal adds $1,354/yr, and annual property appreciation at 5% supports $57,992 by year five. Five-year ROI tracks 103.35% and total cumulative return in cash totals $71,912. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,450/mo property income relative to a $1,027/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60654, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,160 (100%) |
| Owner Occupied HU | 5,065 (29.5%) |
| Renter Occupied HU | 10,049 (58.6%) |
| Vacant Housing Units | 2,046 (11.9%) |
| Median Home Value | $491,734 |
| Average Home Value | $606,674 |
Housing Distribution
Address Breakdown
Residential
17,745
Single Family
951
Multi-Family
16,794
Businesses
1,931
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