516 E Monroe Ave, Chrisman, IL, 61924 | Equity Gain $884/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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516 E Monroe Ave, Chrisman, IL, 61924 | Equity Gain $884/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Chrisman at 516 E Monroe Ave, Chrisman, IL, 61924 with 5% annual appreciation on a $137,000 basis while $0/mo rent supports operations. 21% in year one. Equity gained on principal adds $884/yr, and five-year appreciation sums $37,851 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $671/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1970

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 516 E Monroe! This spacious 1,700 sq. ft. brick ranch home offers 3 bedrooms and 2 full bathrooms, featuring stunning hardwood flooring throughout. The open living and dining areas provide a bright, inviting space perfect for everyday living and entertaining. The kitchen has of cabinet space and beautiful hickory cabinets. This home boasts a 2-car attached garage, plus an additional 2-car garage in the back, offering extra storage or room for a workshop. The fenced-in backyard provides privacy and is perfect for pets, outdoor gatherings, or relaxation. Located in a quiet and friendly neighborhood, 516 E Monroe is just minutes from local schools, parks, and amenities. This charming home combines comfort, convenience, and space. Schedule your showing today and see all it has to offer! ** Update New HVAC System Installed **

Neighborhood Data

Neighborhood data shown for ZIP Code: 61924, Chrisman, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	999 (100%)
Owner Occupied HU	689 (69.0%)
Renter Occupied HU	175 (17.5%)
Vacant Housing Units	135 (13.5%)
Median Home Value	$151,820
Average Home Value	$183,683