56 W Huron St APT 11ChicagoIL60654
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 56 W Huron St APT 11, Chicago, IL, 60654 offers $9,626/mo rent that, after a $8,636/mo payment. Total monthly income is $9,626/mo. Return on cash invested measures 12.8% in year one, and rental yield stands at 6.55% at a $1,764,500 entry. Equity gained on principal adds $11,386/yr while 5% annual appreciation compounds into $487,499 by year five. Five-year ROI records 66.4% and total cumulative return in cash reaches $379,622. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $9,626/mo property income versus a $8,636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2018
N/A lot
$N/A/sqft
$992 monthly 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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