737 W Washington Blvd APT 3306ChicagoIL60661
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 11.63% yield at 737 W Washington Blvd APT 3306, Chicago, IL, 60661 in Chicago is solid, but the $1,777/mo payment compresses net cash flow to $63/mo at $395,200. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $109,186 by year five, and $3,640/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (2.16) without U.S. income documentation. Total projected return: $159,629.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.1% |
| Monthly Cash Flow | $63 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,830 |
| Total Monthly Debt Service | $3,611 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2000
1.05 Acres lot
$N/A/sqft
$836 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60661, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,016 (100%) |
| Owner Occupied HU | 2,442 (24.4%) |
| Renter Occupied HU | 6,535 (65.2%) |
| Vacant Housing Units | 1,039 (10.4%) |
| Median Home Value | $425,872 |
| Average Home Value | $488,274 |
Housing Distribution
Address Breakdown
Residential
9,230
Single Family
9
Multi-Family
9,221
Businesses
758
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2000
1.05 Acres lot
$N/A/sqft
$836 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60661, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,016 (100%) |
| Owner Occupied HU | 2,442 (24.4%) |
| Renter Occupied HU | 6,535 (65.2%) |
| Vacant Housing Units | 1,039 (10.4%) |
| Median Home Value | $425,872 |
| Average Home Value | $488,274 |
Housing Distribution
Address Breakdown
Residential
9,230
Single Family
9
Multi-Family
9,221
Businesses
758
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices