6255 N Oakley Ave #GChicagoIL60659
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 6255 N Oakley Ave #G, Chicago, IL, 60659 in Chicago: $2,346/mo in rent, $868/mo net, 15.65% gross yield, all on a $179,900 acquisition. The 2.90 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $49,703 in value, and $1,657/yr in principal paydown steadily builds equity. Projected total cumulative return: $125,674.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.7% | 6.1% |
| Monthly Cash Flow | $868 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,346 |
| Total Monthly Debt Service | $1,406 |
| DSCR Ratio | 1.67x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1925
N/A lot
$N/A/sqft
$230 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60659, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,807 (100%) |
| Owner Occupied HU | 5,853 (39.5%) |
| Renter Occupied HU | 7,914 (53.4%) |
| Vacant Housing Units | 1,040 ( 7.0%) |
| Median Home Value | $425,080 |
| Average Home Value | $429,254 |
Housing Distribution
Address Breakdown
Residential
13,192
Single Family
4,774
Multi-Family
8,418
Businesses
1,440
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
Condo
Built in 1925
N/A lot
$N/A/sqft
$230 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60659, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,807 (100%) |
| Owner Occupied HU | 5,853 (39.5%) |
| Renter Occupied HU | 7,914 (53.4%) |
| Vacant Housing Units | 1,040 ( 7.0%) |
| Median Home Value | $425,080 |
| Average Home Value | $429,254 |
Housing Distribution
Address Breakdown
Residential
13,192
Single Family
4,774
Multi-Family
8,418
Businesses
1,440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices