4603 N Racine Ave APT 403ChicagoIL60640
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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 4603 N Racine Ave APT 403, Chicago, IL, 60640 listed at $450,000 pairs $2,179/mo rent with a $2,203/mo payment. Total monthly income runs $2,179/mo. Return on cash invested measures 12.33% in year one, and rental yield registers 5.81% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 63.17% and total cumulative return in cash totals $94,230. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,179/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
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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