7223 N Damen AveChicagoIL60645
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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 7223 N Damen Ave, Chicago, IL, 60645 earns from $3,755/mo rent with a $2,814/mo payment. Total monthly income totals $3,755/mo. ROI tracks 18.58% on current figures, and rental yield reads 7.84% at a $575,000 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 over five years. Five-year ROI reaches 96.7% and total cumulative return in cash sums $182,927. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,755/mo property income instead of your personal income.
Multi Family
Built in 1916
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60645, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,428 (100%) |
| Owner Occupied HU | 8,171 (46.9%) |
| Renter Occupied HU | 8,122 (46.6%) |
| Vacant Housing Units | 1,135 ( 6.5%) |
| Median Home Value | $374,201 |
| Average Home Value | $427,363 |
Housing Distribution
Address Breakdown
Residential
16,940
Single Family
5,441
Multi-Family
11,499
Businesses
499
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