60 E Monroe St UNIT 3301ChicagoIL60603
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Chicago at 60 E Monroe St UNIT 3301, Chicago, IL, 60603 projects strong ROI of -0.67%. Rental yield 3.33%. With 5% annual appreciation, the property builds $1,021,966 in value over five years. Equity growth combined delivers a projected five-year ROI of 12.36%, translating into $129,111 in total cumulative return on $1,044,968 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 6.1% |
| Monthly Cash Flow | $(20,309) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $10,271 |
| Total Monthly Debt Service | $29,108 |
| DSCR Ratio | 0.35x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 2010
N/A lot
$N/A/sqft
$4,923 monthly 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
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
Condo
Built in 2010
N/A lot
$N/A/sqft
$4,923 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices