545 N Dearborn St #2401ChicagoIL60654
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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 545 N Dearborn St #2401, Chicago, IL, 60654 uses $157,463 cash to close to unlock $15,158/yr annual cash flow and $1,263/mo monthly cash flow. Total monthly income runs $4,558/mo, and a $2,325/mo payment keeps the spread at $1,263/mo. Purchase price stands at $475,000, and rental yield measures 11.51% with $4,558/mo rent. Return on cash invested shows 29.54% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 155.47% and total cumulative return in cash records $244,807. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,558/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60654, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,160 (100%) |
| Owner Occupied HU | 5,065 (29.5%) |
| Renter Occupied HU | 10,049 (58.6%) |
| Vacant Housing Units | 2,046 (11.9%) |
| Median Home Value | $491,734 |
| Average Home Value | $606,674 |
Housing Distribution
Address Breakdown
Residential
17,745
Single Family
951
Multi-Family
16,794
Businesses
1,931
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