7511 N Damen Ave APT D2ChicagoIL60645
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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 7511 N Damen Ave APT D2, Chicago, IL, 60645 uses $82,842 cash to close to unlock $717/yr annual cash flow and $60/mo monthly cash flow. Total monthly income runs $1,793/mo, and a $1,223/mo payment keeps the spread at $60/mo. Purchase price stands at $249,900, and rental yield measures 8.61% with $1,793/mo rent. Return on cash invested shows 20.77% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 108.48% and total cumulative return in cash records $89,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,793/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A 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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