538 N Lawndale AveChicagoIL60624
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
Investment Highlights
Rental property for sale in Chicago at 538 N Lawndale Ave, Chicago, IL, 60624 offers $2,610/mo rent that, after a $3,519/mo payment. Total monthly income is $2,610/mo. Return on cash invested measures 8% in year one, and rental yield stands at 4.36% at a $719,000 entry. Equity gained on principal adds $4,640/yr while 5% annual appreciation compounds into $198,646 by year five. Five-year ROI records 39.96% and total cumulative return in cash reaches $94,529. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,610/mo property income versus a $3,519/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2025
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60624, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,762 (100%) |
| Owner Occupied HU | 3,649 (21.8%) |
| Renter Occupied HU | 10,950 (65.3%) |
| Vacant Housing Units | 2,163 (12.9%) |
| Median Home Value | $270,333 |
| Average Home Value | $310,515 |
Housing Distribution
Address Breakdown
Residential
11,941
Single Family
6,813
Multi-Family
5,128
Businesses
861
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices