5040 N Marine Dr #3-BChicagoIL60640
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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
Rental property for sale in Chicago at 5040 N Marine Dr #3-B, Chicago, IL, 60640 generates $1,199/mo in rent and, after a $734/mo payment, leaves $159/mo in cash flow. Total monthly income is $1,199/mo, and annual cash flow is $1,905/yr on $49,725 invested. Return on cash invested sits at 23.74% in year one, and rental yield is 9.59% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 124.37% and total cumulative return in cash sums $61,842. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,199/mo property income rather than buyer’s personal income.
Condo
Built in 1939
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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