7522 N Wolcott AveChicagoIL60626
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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
Rental property for sale in Chicago at 7522 N Wolcott Ave, Chicago, IL, 60626 generates $1,984/mo in rent, after a $3,139/mo payment. Total monthly income is $1,984/mo. Return on cash invested sits at 6.05% in year one, and rental yield is 3.71% on a $641,400 entry. Equity gained on principal adds $4,139/yr, while 5% annual appreciation builds toward $177,207 over five years. Five-year ROI reaches 29.46% and total cumulative return in cash sums $62,162. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,984/mo property income rather than buyer’s personal income.
Single Family
Built in 1913
3,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60626, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,128 (100%) |
| Owner Occupied HU | 6,719 (24.8%) |
| Renter Occupied HU | 18,203 (67.1%) |
| Vacant Housing Units | 2,206 ( 8.1%) |
| Median Home Value | $346,554 |
| Average Home Value | $392,279 |
Housing Distribution
Address Breakdown
Residential
24,710
Single Family
2,336
Multi-Family
22,374
Businesses
779
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