6222 N Lenox 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
Rental property for sale in Chicago at 6222 N Lenox Ave, Chicago, IL, 60646 generates $5,540/mo in rent, after a $4,332/mo payment. Total monthly income is $5,540/mo. Return on cash invested sits at 17.59% in year one, and rental yield is 7.51% on a $885,000 entry. Equity gained on principal adds $5,711/yr, while 5% annual appreciation builds toward $244,509 over five years. Five-year ROI reaches 91.38% and total cumulative return in cash sums $266,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,540/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
4,374 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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