7037 S Crandon Ave #219ChicagoIL60649
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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 7037 S Crandon Ave #219, Chicago, IL, 60649 uses $43,062 cash to close to unlock $1,593/yr annual cash flow and $133/mo monthly cash flow. Total monthly income runs $1,034/mo, and a $636/mo payment keeps the spread at $133/mo. Purchase price stands at $129,900, and rental yield measures 9.55% with $1,034/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 123.69% and total cumulative return in cash records $53,263. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,034/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 1923
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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