800 Elgin Rd APT 1218EvanstonIL60201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Evanston at 800 Elgin Rd APT 1218, Evanston, IL, 60201 listed at $395,000 pairs $3,449/mo rent with a $1,933/mo payment. Total monthly income runs $3,449/mo. Return on cash invested measures 18.85% in year one, and rental yield registers 10.48% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 100.9% and total cumulative return in cash totals $132,126. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,449/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
$825 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60201, Evanston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,520 (100%) |
| Owner Occupied HU | 9,418 (48.2%) |
| Renter Occupied HU | 7,818 (40.1%) |
| Vacant Housing Units | 2,284 (11.7%) |
| Median Home Value | $586,169 |
| Average Home Value | $643,981 |
Housing Distribution
Address Breakdown
Residential
18,839
Single Family
8,171
Multi-Family
10,668
Businesses
1,446
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Listed by: Ben Lalez • Compass
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12451250
Disclaimer: Based on information submitted to the MLS GRID as of 2025. 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](/mls-disclaimers/#17)