6059 N Tripp AveChicagoIL60646
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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 6059 N Tripp Ave, Chicago, IL, 60646 offers a 3.61% rental yield on a $639,000 purchase with $1,920/mo rent. 72% in year one. Equity gained on principal adds $4,123/yr while 5% annual appreciation supports $176,544 over five years. Portfolio math shows five-year ROI at 27.71% and total cumulative return in cash at $58,252. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $3,128/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
4,092 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60646, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,632 (100%) |
| Owner Occupied HU | 7,976 (75.0%) |
| Renter Occupied HU | 2,136 (20.1%) |
| Vacant Housing Units | 520 ( 4.9%) |
| Median Home Value | $487,761 |
| Average Home Value | $550,834 |
Housing Distribution
Address Breakdown
Residential
10,684
Single Family
9,046
Multi-Family
1,638
Businesses
958
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