4559 S Michigan Ave #2SChicagoIL60653
INVESTMENT ANALYSIS
Investment Verdict
Solid Income4559 S Michigan Ave #2S, Chicago, IL, 60653 in Chicago carries a 1.65 coverage ratio, rent of $3,496/mo is 1.65 times the $2,113/mo payment. Rental yield 8.93%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $469,900 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $129,825; total projected cumulative return: $194,947.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.1% |
| Monthly Cash Flow | $(121) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,496 |
| Total Monthly Debt Service | $3,072 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices