3621 S Wallace StChicagoIL60609
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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
Rental property for sale in Chicago at 3621 S Wallace St, Chicago, IL, 60609 generates $2,317/mo in rent, after a $3,034/mo payment. Total monthly income is $2,317/mo. Return on cash invested sits at 8.39% in year one, and rental yield is 4.49% on a $619,900 entry. Equity gained on principal adds $4,000/yr, while 5% annual appreciation builds toward $171,267 over five years. Five-year ROI reaches 42.06% and total cumulative return in cash sums $85,784. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,317/mo property income rather than buyer’s personal income.
Single Family
Built in 1888
3,136 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
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