7050 183rd St UNIT 312Tinley ParkIL60477
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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 Tinley Park at 7050 183rd St UNIT 312, Tinley Park, IL, 60477 uses $83,505 cash to close to unlock $1,436/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,233/mo payment keeps the spread at $120/mo. Purchase price stands at $251,900, and rental yield measures 10.29% with $2,160/mo rent. Return on cash invested shows 21.63% in year one, and 5% annual appreciation builds toward $69,595 over five years. Five-year ROI reaches 114.6% and total cumulative return in cash records $95,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,233/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$293 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60477, Tinley Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,320 (100%) |
| Owner Occupied HU | 12,536 (76.8%) |
| Renter Occupied HU | 2,989 (18.3%) |
| Vacant Housing Units | 795 ( 4.9%) |
| Median Home Value | $285,063 |
| Average Home Value | $313,982 |
Housing Distribution
Address Breakdown
Residential
16,102
Single Family
11,467
Multi-Family
4,635
Businesses
1,124
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Listed by: Fadya Kashkeesh • HomeSmart Realty Group
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12293049
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)