450 E Waterside Dr #0ChicagoIL60609
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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 450 E Waterside Dr #0, Chicago, IL, 60609 priced at $1,149,999 converts $2,098/mo rent into after a $5,629/mo obligation. Total monthly income equals $2,098/mo. Return on cash invested prints 1.07% in year one, and rental yield reads 2.19% against a $1,149,999 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation compiles into $317,724 by year five. Five-year ROI reaches 2.84% and total cumulative return in cash sums $10,593. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,098/mo property income covering a $5,629/mo payment, not borrower’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,374 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60609, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,870 (100%) |
| Owner Occupied HU | 8,623 (34.7%) |
| Renter Occupied HU | 13,097 (52.7%) |
| Vacant Housing Units | 3,150 (12.7%) |
| Median Home Value | $276,214 |
| Average Home Value | $326,996 |
Housing Distribution
Address Breakdown
Residential
17,106
Single Family
13,314
Multi-Family
3,792
Businesses
1,598
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Listed by: Matt Laricy • Americorp, Ltd
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12326975
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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)