453 E Chicago StElginIL60120
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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 Elgin at 453 E Chicago St, Elgin, IL, 60120 at $286,100 posts ROI 18.17% with from $1,847/mo rent. Total monthly income equals $1,847/mo. Return on cash invested measures 18.17% and rental yield reads 7.75% at the current $286,100. Equity gained on principal adds $1,846/yr, and 5% annual appreciation supports $79,044 by year five. Five-year ROI prints 94.52% and total cumulative return in cash totals $89,644. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,847/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
10,541 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60120, Elgin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,592 (100%) |
| Owner Occupied HU | 11,032 (62.7%) |
| Renter Occupied HU | 5,766 (32.8%) |
| Vacant Housing Units | 794 ( 4.5%) |
| Median Home Value | $261,990 |
| Average Home Value | $302,997 |
Housing Distribution
Address Breakdown
Residential
16,297
Single Family
14,448
Multi-Family
1,849
Businesses
905
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