4942 S Ellis AveChicagoIL60615
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 4942 S Ellis Ave, Chicago, IL, 60615 in Chicago the bet is firmly on appreciation. Rental yield 3.28%. The 3.28% gross yield on a $1,890,000 price is below income-first thresholds, but 5%/yr value growth projects $522,172 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.61) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $211,259.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 6.1% |
| Monthly Cash Flow | $(7,949) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,160 |
| Total Monthly Debt Service | $12,357 |
| DSCR Ratio | 0.42x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1891
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60615, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,501 (100%) |
| Owner Occupied HU | 6,711 (25.3%) |
| Renter Occupied HU | 16,635 (62.8%) |
| Vacant Housing Units | 3,155 (11.9%) |
| Median Home Value | $394,556 |
| Average Home Value | $476,226 |
Housing Distribution
Address Breakdown
Residential
23,769
Single Family
3,485
Multi-Family
20,284
Businesses
850
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
Single Family
Built in 1891
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60615, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,501 (100%) |
| Owner Occupied HU | 6,711 (25.3%) |
| Renter Occupied HU | 16,635 (62.8%) |
| Vacant Housing Units | 3,155 (11.9%) |
| Median Home Value | $394,556 |
| Average Home Value | $476,226 |
Housing Distribution
Address Breakdown
Residential
23,769
Single Family
3,485
Multi-Family
20,284
Businesses
850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices