3649 W 56th PlChicagoIL60629
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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 3649 W 56th Pl, Chicago, IL, 60629 offers a 8.5% rental yield on a $269,000 purchase with $1,905/mo rent. Total monthly income registers $1,905/mo, and a $1,317/mo payment leaves $39/mo available for distribution. Annual cash flow reaches $465/yr on $89,174 to close, and return on cash invested stands at 20.43% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 106.63% and total cumulative return in cash at $95,087. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,905/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60629, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,508 (100%) |
| Owner Occupied HU | 19,242 (54.2%) |
| Renter Occupied HU | 13,415 (37.8%) |
| Vacant Housing Units | 2,851 ( 8.0%) |
| Median Home Value | $246,042 |
| Average Home Value | $258,498 |
Housing Distribution
Address Breakdown
Residential
29,124
Single Family
23,400
Multi-Family
5,724
Businesses
1,240
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