363 E Wacker Dr #3404ChicagoIL60601
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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 363 E Wacker Dr #3404, Chicago, IL, 60601 generates $5,873/mo in rent, after a $8,247/mo payment. Total monthly income is $5,873/mo. Return on cash invested sits at 7.59% in year one, and rental yield is 4.18% on a $1,685,000 entry. Equity gained on principal adds $10,873/yr, while 5% annual appreciation builds toward $465,534 over five years. Five-year ROI reaches 37.68% and total cumulative return in cash sums $205,730. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,873/mo property income rather than buyer’s personal income.
Condo
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60601, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,493 (100%) |
| Owner Occupied HU | 3,495 (28.0%) |
| Renter Occupied HU | 7,417 (59.4%) |
| Vacant Housing Units | 1,581 (12.7%) |
| Median Home Value | $592,502 |
| Average Home Value | $711,371 |
Housing Distribution
Address Breakdown
Residential
12,957
Single Family
49
Multi-Family
12,908
Businesses
1,752
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