6931 S Crandon Ave APT 6BChicagoIL60649
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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 6931 S Crandon Ave APT 6B, Chicago, IL, 60649 uses $36,465 cash to close to unlock $1,205/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $863/mo, and a $538/mo payment keeps the spread at $100/mo. Purchase price stands at $110,000, and rental yield measures 9.41% with $863/mo rent. Return on cash invested shows 23.21% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 121.59% and total cumulative return in cash records $44,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $863/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60649, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,407 (100%) |
| Owner Occupied HU | 5,123 (18.7%) |
| Renter Occupied HU | 18,185 (66.4%) |
| Vacant Housing Units | 4,099 (15.0%) |
| Median Home Value | $262,345 |
| Average Home Value | $303,662 |
Housing Distribution
Address Breakdown
Residential
23,819
Single Family
4,497
Multi-Family
19,322
Businesses
773
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