680 N Lake Shore Dr APT 1322ChicagoIL60611
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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 680 N Lake Shore Dr APT 1322, Chicago, IL, 60611 uses $246,421 cash to close to unlock $13,137/yr annual cash flow and $1,095/mo monthly cash flow. Total monthly income runs $6,290/mo, and a $3,666/mo payment keeps the spread at $1,095/mo. Purchase price stands at $749,000, and rental yield measures 10.08% with $6,290/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 133.19% and total cumulative return in cash records $328,216. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,290/mo property income covering a $3,666/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: 60611, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,898 (100%) |
| Owner Occupied HU | 10,875 (35.2%) |
| Renter Occupied HU | 14,462 (46.8%) |
| Vacant Housing Units | 5,561 (18.0%) |
| Median Home Value | $653,416 |
| Average Home Value | $849,379 |
Housing Distribution
Address Breakdown
Residential
28,622
Single Family
473
Multi-Family
28,149
Businesses
2,018
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