6 N Michigan Ave UNIT 706ChicagoIL60602
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
Investment property for sale in Chicago at 6 N Michigan Ave UNIT 706, Chicago, IL, 60602 at $287,900 posts ROI 22.73% with $224/mo cash flow from $2,671/mo rent. Total monthly income equals $2,671/mo, and annual cash flow records $2,690/yr on $95,439 to close. Return on cash invested measures 22.73% and rental yield reads 11.13% at the current $287,900. Equity gained on principal adds $1,858/yr, and 5% annual appreciation supports $79,541 by year five. Five-year ROI prints 121.01% and total cumulative return in cash totals $115,493.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,671/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Apartment
Built in 1898
0.31 Acres lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60602, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,587 (100%) |
| Owner Occupied HU | 398 (25.1%) |
| Renter Occupied HU | 786 (49.5%) |
| Vacant Housing Units | 403 (25.4%) |
| Median Home Value | $1,289,855 |
| Average Home Value | $1,320,917 |
Housing Distribution
Address Breakdown
Residential
820
Single Family
1
Multi-Family
819
Businesses
1,880
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices