7246 N Meade AveChicagoIL60646
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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 7246 N Meade Ave, Chicago, IL, 60646 uses $189,175 cash to close to unlock $10,392/yr annual cash flow and $866/mo monthly cash flow. Total monthly income runs $4,854/mo, and a $2,814/mo payment keeps the spread at $866/mo. Purchase price stands at $575,000, and rental yield measures 10.13% with $4,854/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 134.09% and total cumulative return in cash records $253,667. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,854/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,576 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60646, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,632 (100%) |
| Owner Occupied HU | 7,976 (75.0%) |
| Renter Occupied HU | 2,136 (20.1%) |
| Vacant Housing Units | 520 ( 4.9%) |
| Median Home Value | $487,761 |
| Average Home Value | $550,834 |
Housing Distribution
Address Breakdown
Residential
10,684
Single Family
9,046
Multi-Family
1,638
Businesses
958
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