744 N Long AveChicagoIL60644
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
Investment Highlights
Rental property for sale in Chicago at 744 N Long Ave, Chicago, IL, 60644 generates $2,735/mo in rent and, after a $1,591/mo payment, leaves $480/mo in cash flow. Total monthly income is $2,735/mo, and annual cash flow is $5,765/yr on $107,738 invested. Return on cash invested sits at 25.26% in year one, and rental yield is 10.1% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 132.53% and total cumulative return in cash sums $142,789. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,735/mo property income rather than buyer’s personal income.
Multi Family
Built in 1908
6,253 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60644, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,263 (100%) |
| Owner Occupied HU | 5,038 (24.9%) |
| Renter Occupied HU | 13,183 (65.1%) |
| Vacant Housing Units | 2,042 (10.1%) |
| Median Home Value | $273,262 |
| Average Home Value | $352,624 |
Housing Distribution
Address Breakdown
Residential
15,369
Single Family
6,728
Multi-Family
8,641
Businesses
915
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices