360 W Erie St APT 3AChicagoIL60654
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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 360 W Erie St APT 3A, Chicago, IL, 60654 earns from $5,123/mo rent with a $7,339/mo payment. Total monthly income totals $5,123/mo. ROI tracks 7.33% on current figures, and rental yield reads 4.1% at a $1,499,500 purchase. Equity gained on principal adds $9,676/yr, and 5% annual appreciation supports $414,284 over five years. Five-year ROI reaches 36.32% and total cumulative return in cash sums $176,446. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,123/mo property income instead of your personal income.
Condo
Built in 2019
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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