4316 S Michigan Ave #4S,Chicago,IL,60653

Investment Highlights

Investment property for sale in Chicago at 4316 S Michigan Ave #4S, Chicago, IL, 60653 offers a 8.37% rental yield on a $349,900 purchase with $2,440/mo rent. Total monthly income registers $2,440/mo, and a $1,713/mo payment leaves $13/mo available for distribution. Annual cash flow reaches $151/yr on $115,992 to close, and return on cash invested stands at 20.04% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 104.53% and total cumulative return in cash at $121,242. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,440/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.