8 W Monroe St APT 1907ChicagoIL60603
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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 8 W Monroe St APT 1907, Chicago, IL, 60603 generates $1,785/mo in rent, after a $1,263/mo payment. Total monthly income is $1,785/mo. Return on cash invested sits at 19.84% in year one, and rental yield is 8.3% on a $258,000 entry. Equity gained on principal adds $1,665/yr, while 5% annual appreciation builds toward $71,281 over five years. Five-year ROI reaches 103.49% and total cumulative return in cash sums $88,514. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,785/mo property income rather than buyer’s personal income.
Condo
Built in 1913
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60603, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 984 (100%) |
| Owner Occupied HU | 348 (35.4%) |
| Renter Occupied HU | 409 (41.6%) |
| Vacant Housing Units | 227 (23.1%) |
| Median Home Value | $709,677 |
| Average Home Value | $894,217 |
Housing Distribution
Address Breakdown
Residential
1,204
Single Family
3
Multi-Family
1,201
Businesses
1,142
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