4025 W 24th StChicagoIL60623
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow4025 W 24th St, Chicago, IL, 60623 in Chicago earns its strong cash-flow label: 15.8% yield, $4,147/mo rent, $1,962/mo net income, DSCR 2.93. The $315,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $87,029 by year five. Combined with $2,901/yr in principal paydown, total projected return reaches $246,754.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.8% | 6.1% |
| Monthly Cash Flow | $1,962 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,147 |
| Total Monthly Debt Service | $2,060 |
| DSCR Ratio | 2.01x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1903
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60623, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,760 (100%) |
| Owner Occupied HU | 9,106 (28.7%) |
| Renter Occupied HU | 18,918 (59.6%) |
| Vacant Housing Units | 3,736 (11.8%) |
| Median Home Value | $246,210 |
| Average Home Value | $270,307 |
Housing Distribution
Address Breakdown
Residential
18,318
Single Family
12,903
Multi-Family
5,415
Businesses
1,637
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1903
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60623, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,760 (100%) |
| Owner Occupied HU | 9,106 (28.7%) |
| Renter Occupied HU | 18,918 (59.6%) |
| Vacant Housing Units | 3,736 (11.8%) |
| Median Home Value | $246,210 |
| Average Home Value | $270,307 |
Housing Distribution
Address Breakdown
Residential
18,318
Single Family
12,903
Multi-Family
5,415
Businesses
1,637
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elijah Richardson • RE/MAX PREMIER
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12393727
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)