6340 N Artesian Ave #1BChicagoIL60659
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Chicago rentals match the income profile of 6340 N Artesian Ave #1B, Chicago, IL, 60659. Listed at $119,000, gross rent is $1,862/mo and net cash flow is $816/mo, a 18.78% yield well above national averages. DSCR 3.48 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $32,878 by year five with $1,096/yr in annual principal reduction, projecting $99,017 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.8% | 6.1% |
| Monthly Cash Flow | $816 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,862 |
| Total Monthly Debt Service | $999 |
| DSCR Ratio | 1.86x |
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 1926
N/A lot
$N/A/sqft
$221 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 1926
N/A lot
$N/A/sqft
$221 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