6232 N Broadway St #2ChicagoIL60660
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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 6232 N Broadway St #2, Chicago, IL, 60660 uses $104,389 cash to close to unlock $4,333/yr annual cash flow and $361/mo monthly cash flow. Total monthly income runs $2,545/mo, and a $1,541/mo payment keeps the spread at $361/mo. Purchase price stands at $314,900, and rental yield measures 9.7% with $2,545/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 126.11% and total cumulative return in cash records $131,650. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,545/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Condo
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60660, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,885 (100%) |
| Owner Occupied HU | 7,970 (33.4%) |
| Renter Occupied HU | 13,828 (57.9%) |
| Vacant Housing Units | 2,087 ( 8.7%) |
| Median Home Value | $351,807 |
| Average Home Value | $449,918 |
Housing Distribution
Address Breakdown
Residential
23,009
Single Family
2,575
Multi-Family
20,434
Businesses
813
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