4022 N Monticello Ave UNIT 3NChicagoIL60618
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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 4022 N Monticello Ave UNIT 3N, Chicago, IL, 60618 generates $2,238/mo in rent and, after a $1,297/mo payment, leaves $400/mo in cash flow. Total monthly income is $2,238/mo, and annual cash flow is $4,799/yr on $87,848 invested. Return on cash invested sits at 25.37% in year one, and rental yield is 10.13% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 133.09% and total cumulative return in cash sums $116,919. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,238/mo property income rather than buyer’s personal income.
Condo
Built in 1928
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60618, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,449 (100%) |
| Owner Occupied HU | 17,253 (42.7%) |
| Renter Occupied HU | 19,862 (49.1%) |
| Vacant Housing Units | 3,334 ( 8.2%) |
| Median Home Value | $543,001 |
| Average Home Value | $610,118 |
Housing Distribution
Address Breakdown
Residential
33,669
Single Family
18,656
Multi-Family
15,013
Businesses
2,411
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