3930 N Pine Grove Ave APT 1606ChicagoIL60613
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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 3930 N Pine Grove Ave APT 1606, Chicago, IL, 60613 uses $59,670 cash to close to unlock $2,226/yr annual cash flow and $186/mo monthly cash flow. Total monthly income runs $1,434/mo, and a $881/mo payment keeps the spread at $186/mo. Purchase price stands at $180,000, and rental yield measures 9.56% with $1,434/mo rent. Return on cash invested shows 23.64% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 123.87% and total cumulative return in cash records $73,913. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,434/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60613, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,966 (100%) |
| Owner Occupied HU | 10,909 (35.2%) |
| Renter Occupied HU | 17,609 (56.9%) |
| Vacant Housing Units | 2,448 ( 7.9%) |
| Median Home Value | $439,006 |
| Average Home Value | $567,627 |
Housing Distribution
Address Breakdown
Residential
30,817
Single Family
3,868
Multi-Family
26,949
Businesses
1,388
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