600 N Lake Shore Dr APT 1309ChicagoIL60611
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFinancing efficiency matters for international buyers, and 600 N Lake Shore Dr APT 1309, Chicago, IL, 60611 in Chicago offers it: the 1.77 DSCR gives Ziffy Mortgage's underwriting team an unusually clean file, no U.S. credit, no personal income required. Rental yield 7.81%. Long-term, 5% appreciation is forecast to add $148,584, and $4,953/yr in principal paydown compounds equity steadily. Projected five-year cumulative return: $160,783.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.1% |
| Monthly Cash Flow | $(1,366) | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,281 |
| Total Monthly Debt Service | $4,855 |
| DSCR Ratio | 0.88x |
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.
Multi Family
Built in 2005
0.97 Acres lot
$N/A/sqft
$1,111 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60611, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,898 (100%) |
| Owner Occupied HU | 10,875 (35.2%) |
| Renter Occupied HU | 14,462 (46.8%) |
| Vacant Housing Units | 5,561 (18.0%) |
| Median Home Value | $653,416 |
| Average Home Value | $849,379 |
Housing Distribution
Address Breakdown
Residential
28,622
Single Family
473
Multi-Family
28,149
Businesses
2,018
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
Multi Family
Built in 2005
0.97 Acres lot
$N/A/sqft
$1,111 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60611, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,898 (100%) |
| Owner Occupied HU | 10,875 (35.2%) |
| Renter Occupied HU | 14,462 (46.8%) |
| Vacant Housing Units | 5,561 (18.0%) |
| Median Home Value | $653,416 |
| Average Home Value | $849,379 |
Housing Distribution
Address Breakdown
Residential
28,622
Single Family
473
Multi-Family
28,149
Businesses
2,018
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices