6614 W Devon AveChicagoIL60631
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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 6614 W Devon Ave, Chicago, IL, 60631 offers a 4.21% rental yield on a $949,000 purchase with $3,328/mo rent. 55% in year one. Equity gained on principal adds $6,124/yr while 5% annual appreciation supports $262,191 over five years. Portfolio math shows five-year ROI at 37.53% and total cumulative return in cash at $117,180. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,328/mo property income against a $4,645/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1970
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60631, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,406 (100%) |
| Owner Occupied HU | 9,076 (73.2%) |
| Renter Occupied HU | 2,644 (21.3%) |
| Vacant Housing Units | 686 ( 5.5%) |
| Median Home Value | $436,712 |
| Average Home Value | $473,181 |
Housing Distribution
Address Breakdown
Residential
12,221
Single Family
8,726
Multi-Family
3,495
Businesses
1,037
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