416 W Grant Pl APT GChicagoIL60614
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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 416 W Grant Pl APT G, Chicago, IL, 60614 offers $5,533/mo rent that, after a $6,338/mo payment. Total monthly income is $5,533/mo. Return on cash invested measures 10.51% in year one, and rental yield stands at 5.13% at a $1,295,000 entry. Equity gained on principal adds $8,356/yr while 5% annual appreciation compounds into $357,785 by year five. Five-year ROI records 53.33% and total cumulative return in cash reaches $223,770. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,533/mo property income versus a $6,338/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60614, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,652 (100%) |
| Owner Occupied HU | 15,678 (39.5%) |
| Renter Occupied HU | 20,729 (52.3%) |
| Vacant Housing Units | 3,245 ( 8.2%) |
| Median Home Value | $725,252 |
| Average Home Value | $931,602 |
Housing Distribution
Address Breakdown
Residential
39,043
Single Family
10,459
Multi-Family
28,584
Businesses
1,922
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