3450 W Walnut StChicagoIL60624
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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 3450 W Walnut St, Chicago, IL, 60624 uses $71,571 cash to close to unlock $6,506/yr annual cash flow and $542/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,057/mo payment keeps the spread at $542/mo. Purchase price stands at $215,900, and rental yield measures 11.34% with $2,040/mo rent. Return on cash invested shows 29% in year one, and 5% annual appreciation builds toward $59,649 over five years. Five-year ROI reaches 152.62% and total cumulative return in cash records $109,232. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,057/mo payment rather than investor’s personal income.
Single Family
Built in 1873
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60624, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,762 (100%) |
| Owner Occupied HU | 3,649 (21.8%) |
| Renter Occupied HU | 10,950 (65.3%) |
| Vacant Housing Units | 2,163 (12.9%) |
| Median Home Value | $270,333 |
| Average Home Value | $310,515 |
Housing Distribution
Address Breakdown
Residential
11,941
Single Family
6,813
Multi-Family
5,128
Businesses
861
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