4545 N Wolcott Ave APT 1SChicagoIL60640
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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 4545 N Wolcott Ave APT 1S, Chicago, IL, 60640 generates $3,931/mo in rent, after a $4,405/mo payment. Total monthly income is $3,931/mo. Return on cash invested sits at 10.69% in year one, and rental yield is 5.24% on a $900,000 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 54.37% and total cumulative return in cash sums $161,004. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,931/mo property income rather than buyer’s personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60640, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 43,511 (100%) |
| Owner Occupied HU | 11,891 (27.3%) |
| Renter Occupied HU | 27,557 (63.3%) |
| Vacant Housing Units | 4,063 ( 9.3%) |
| Median Home Value | $401,517 |
| Average Home Value | $482,067 |
Housing Distribution
Address Breakdown
Residential
38,789
Single Family
3,659
Multi-Family
35,130
Businesses
1,824
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