4970 N Marine Dr APT 1024ChicagoIL60640
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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 4970 N Marine Dr APT 1024, Chicago, IL, 60640 uses $48,068 cash to close to unlock $1,175/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $1,104/mo, and a $710/mo payment keeps the spread at $98/mo. Purchase price stands at $145,000, and rental yield measures 9.14% with $1,104/mo rent. Return on cash invested shows 22.35% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 116.95% and total cumulative return in cash records $56,216. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,104/mo property income covering a $710/mo payment rather than investor’s personal income.
Condo
Built in 1953
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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