450 E Waterside Dr UNIT 3409ChicagoIL60609
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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 UNIT 3409, Chicago, IL, 60609 offers a 4.12% rental yield on a $1,980,900 purchase with $6,796/mo rent. 3% in year one. Equity gained on principal adds $12,782/yr while 5% annual appreciation supports $547,286 over five years. Portfolio math shows five-year ROI at 21.14% and total cumulative return in cash at $135,670. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,796/mo property income against a $9,696/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
0.71 Acres lot
$N/A/sqft
$1,653 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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