450 E Waterside Dr #1101ChicagoIL60609
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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 450 E Waterside Dr #1101, Chicago, IL, 60609 offers a 3.2% rental yield on a $650,000 purchase with $1,736/mo rent. 12% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,736/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
$825 monthly 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: Anthony Madonia • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12452137
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)