4976 N Milwaukee Ave APT 101ChicagoIL60630
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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 4976 N Milwaukee Ave APT 101, Chicago, IL, 60630 uses $74,554 cash to close to unlock $466/yr annual cash flow and $39/mo monthly cash flow. Total monthly income runs $1,599/mo, and a $1,101/mo payment keeps the spread at $39/mo. Purchase price stands at $224,900, and rental yield measures 8.53% with $1,599/mo rent. Return on cash invested shows 20.53% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 107.18% and total cumulative return in cash records $79,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,599/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60630, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,617 (100%) |
| Owner Occupied HU | 13,462 (59.5%) |
| Renter Occupied HU | 7,730 (34.2%) |
| Vacant Housing Units | 1,425 ( 6.3%) |
| Median Home Value | $380,127 |
| Average Home Value | $414,962 |
Housing Distribution
Address Breakdown
Residential
19,779
Single Family
14,584
Multi-Family
5,195
Businesses
1,290
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