7650 N Greenview Ave #2ChicagoIL60626
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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 7650 N Greenview Ave #2, Chicago, IL, 60626 generates $2,189/mo in rent and, after a $1,101/mo payment, leaves $194/mo in cash flow. Total monthly income is $2,189/mo, and annual cash flow is $2,326/yr on $74,554 invested. Return on cash invested sits at 23.03% in year one, and rental yield is 11.68% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 123.1% and total cumulative return in cash sums $91,777. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,189/mo property income rather than buyer’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
$435 monthly 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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Listed by: Connie Abels • RE/MAX Premier
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12264197
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)