4553 W 56th St #204ChicagoIL60629
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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 4553 W 56th St #204, Chicago, IL, 60629 earns $189/mo cash flow from $1,569/mo rent with a $974/mo payment. Total monthly income totals $1,569/mo, and annual cash flow totals $2,264/yr on $65,969 capital. ROI tracks 23.34% on current figures, and rental yield reads 9.46% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 122.25% and total cumulative return in cash sums $80,646. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,569/mo property income instead of your personal income.
Condo
Built in 1974
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60629, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,508 (100%) |
| Owner Occupied HU | 19,242 (54.2%) |
| Renter Occupied HU | 13,415 (37.8%) |
| Vacant Housing Units | 2,851 ( 8.0%) |
| Median Home Value | $246,042 |
| Average Home Value | $258,498 |
Housing Distribution
Address Breakdown
Residential
29,124
Single Family
23,400
Multi-Family
5,724
Businesses
1,240
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