60 E Monroe St UNIT 2307ChicagoIL60603
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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 2307, Chicago, IL, 60603 listed at $624,900 pairs $5,701/mo rent with a $3,059/mo payment to leave $1,366/mo cash flow. Total monthly income runs $5,701/mo, and annual cash flow reaches $16,394/yr on $205,592 cash to close. Return on cash invested measures 28.03% in year one, and rental yield registers 10.95% at a $624,900 basis. Equity gained on principal adds $4,032/yr, and annual property appreciation at 5% supports $172,648 by year five. Five-year ROI tracks 147.39% and total cumulative return in cash totals $303,017. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,701/mo property income relative to a $3,059/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2009
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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