401 N Wabash Ave #77BChicagoIL60601
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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 401 N Wabash Ave #77B, Chicago, IL, 60601 listed at $1,158,500 pairs $7,295/mo rent with a $5,670/mo payment. Total monthly income runs $7,295/mo. Return on cash invested measures 11.96% in year one, and rental yield registers 7.56% at a $1,158,500 basis. Equity gained on principal adds $7,476/yr, and annual property appreciation at 5% supports $320,072 by year five. Five-year ROI tracks 63.33% and total cumulative return in cash totals $237,710. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,295/mo property income relative to a $5,670/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
N/A lot
$N/A/sqft
$1,713 monthly 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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