5231 N Winthrop Ave #1ChicagoIL60640
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow5231 N Winthrop Ave #1, Chicago, IL, 60640 in Chicago earns a respectable 10.34% gross yield at $323,000, but after the $1,452/mo mortgage the net cash flow is $24/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.92) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $89,239 over five years, making equity the dominant return driver. Total projected return: $158,493.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.1% |
| Monthly Cash Flow | $24 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,783 |
| Total Monthly Debt Service | $2,112 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1920
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
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
Condo
Built in 1920
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices