7639 S Racine AveChicagoIL60620
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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 7639 S Racine Ave, Chicago, IL, 60620 listed at $381,160 pairs $1,322/mo rent with a $1,866/mo payment. Total monthly income runs $1,322/mo. Return on cash invested measures 6.87% in year one, and rental yield registers 4.16% at a $381,160 basis. Equity gained on principal adds $2,460/yr, and annual property appreciation at 5% supports $105,307 by year five. Five-year ROI tracks 34.06% and total cumulative return in cash totals $43,037. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,322/mo property income relative to a $1,866/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1919
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60620, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,458 (100%) |
| Owner Occupied HU | 12,415 (40.8%) |
| Renter Occupied HU | 14,209 (46.7%) |
| Vacant Housing Units | 3,834 (12.6%) |
| Median Home Value | $211,549 |
| Average Home Value | $257,963 |
Housing Distribution
Address Breakdown
Residential
25,226
Single Family
16,860
Multi-Family
8,366
Businesses
1,415
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