3610 S Seeley AveChicagoIL60609
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 3610 S Seeley Ave, Chicago, IL, 60609 in Chicago the bet is firmly on appreciation. Rental yield 3.2%. The 3.2% gross yield on a $679,000 price is below income-first thresholds, but 5%/yr value growth projects $187,595 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.59) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $72,978.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 6.1% |
| Monthly Cash Flow | $(2,901) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,808 |
| Total Monthly Debt Service | $4,440 |
| DSCR Ratio | 0.41x |
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 N/A
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60609, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,870 (100%) |
| Owner Occupied HU | 8,623 (34.7%) |
| Renter Occupied HU | 13,097 (52.7%) |
| Vacant Housing Units | 3,150 (12.7%) |
| Median Home Value | $276,214 |
| Average Home Value | $326,996 |
Housing Distribution
Address Breakdown
Residential
17,106
Single Family
13,314
Multi-Family
3,792
Businesses
1,598
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 N/A
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60609, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,870 (100%) |
| Owner Occupied HU | 8,623 (34.7%) |
| Renter Occupied HU | 13,097 (52.7%) |
| Vacant Housing Units | 3,150 (12.7%) |
| Median Home Value | $276,214 |
| Average Home Value | $326,996 |
Housing Distribution
Address Breakdown
Residential
17,106
Single Family
13,314
Multi-Family
3,792
Businesses
1,598
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices