589 Quassey AveLake BluffIL60044
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 589 Quassey Ave, Lake Bluff, IL, 60044 in Lake Bluff earns a 9.58% gross yield at $855,000. Rent of $6,826/mo nets $895/mo after the $3,845/mo mortgage. The 1.78 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $236,221 and $7,875/yr in equity accumulation project a total cumulative return of $384,608.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $895 | $1,200 |
City averages based on Lake Bluff market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,826 |
| Total Monthly Debt Service | $5,590 |
| DSCR Ratio | 1.22x |
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.
Single Family
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60044, Lake Bluff, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,469 (100%) |
| Owner Occupied HU | 3,046 (68.2%) |
| Renter Occupied HU | 1,140 (25.5%) |
| Vacant Housing Units | 283 ( 6.3%) |
| Median Home Value | $570,313 |
| Average Home Value | $665,553 |
Housing Distribution
Address Breakdown
Residential
4,240
Single Family
3,426
Multi-Family
814
Businesses
682
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
Single Family
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60044, Lake Bluff, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,469 (100%) |
| Owner Occupied HU | 3,046 (68.2%) |
| Renter Occupied HU | 1,140 (25.5%) |
| Vacant Housing Units | 283 ( 6.3%) |
| Median Home Value | $570,313 |
| Average Home Value | $665,553 |
Housing Distribution
Address Breakdown
Residential
4,240
Single Family
3,426
Multi-Family
814
Businesses
682
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brent Jensen • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12369503
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)