440 N Wabash Ave APT 809ChicagoIL60611
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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 440 N Wabash Ave APT 809, Chicago, IL, 60611 uses $140,854 cash to close to unlock $12,210/yr annual cash flow and $1,018/mo monthly cash flow. Total monthly income runs $3,965/mo, and a $2,080/mo payment keeps the spread at $1,018/mo. Purchase price stands at $424,900, and rental yield measures 11.2% with $3,965/mo rent. Return on cash invested shows 28.58% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 150.32% and total cumulative return in cash records $211,725. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,965/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60611, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,898 (100%) |
| Owner Occupied HU | 10,875 (35.2%) |
| Renter Occupied HU | 14,462 (46.8%) |
| Vacant Housing Units | 5,561 (18.0%) |
| Median Home Value | $653,416 |
| Average Home Value | $849,379 |
Housing Distribution
Address Breakdown
Residential
28,622
Single Family
473
Multi-Family
28,149
Businesses
2,018
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