624 N Leclaire AveChicagoIL60644
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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 624 N Leclaire Ave, Chicago, IL, 60644 listed at $319,800 pairs $2,263/mo rent with a $1,565/mo payment to leave $45/mo cash flow. Total monthly income runs $2,263/mo, and annual cash flow reaches $541/yr on $106,014 cash to close. Return on cash invested measures 20.42% in year one, and rental yield registers 8.49% at a $319,800 basis. Equity gained on principal adds $2,064/yr, and annual property appreciation at 5% supports $88,355 by year five. Five-year ROI tracks 106.59% and total cumulative return in cash totals $113,004. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,263/mo property income relative to a $1,565/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1895
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60644, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,263 (100%) |
| Owner Occupied HU | 5,038 (24.9%) |
| Renter Occupied HU | 13,183 (65.1%) |
| Vacant Housing Units | 2,042 (10.1%) |
| Median Home Value | $273,262 |
| Average Home Value | $352,624 |
Housing Distribution
Address Breakdown
Residential
15,369
Single Family
6,728
Multi-Family
8,641
Businesses
915
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