60 E Monroe St UNIT 1604ChicagoIL60603
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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 60 E Monroe St UNIT 1604, Chicago, IL, 60603 uses $197,367 cash to close to unlock $5,210/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $4,595/mo, and a $2,936/mo payment keeps the spread at $434/mo. Purchase price stands at $599,900, and rental yield measures 9.19% with $4,595/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 118.78% and total cumulative return in cash records $234,436. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,595/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60603, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 984 (100%) |
| Owner Occupied HU | 348 (35.4%) |
| Renter Occupied HU | 409 (41.6%) |
| Vacant Housing Units | 227 (23.1%) |
| Median Home Value | $709,677 |
| Average Home Value | $894,217 |
Housing Distribution
Address Breakdown
Residential
1,204
Single Family
3
Multi-Family
1,201
Businesses
1,142
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