803 Broadway AveNorth ChicagoIL60064
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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 North Chicago at 803 Broadway Ave, North Chicago, IL, 60064 listed at $219,900 pairs $1,957/mo rent with a $1,076/mo payment to leave $432/mo cash flow. Total monthly income runs $1,957/mo, and annual cash flow reaches $5,184/yr on $72,897 cash to close. Return on cash invested measures 27.02% in year one, and rental yield registers 10.68% at a $219,900 basis. Equity gained on principal adds $1,419/yr, and annual property appreciation at 5% supports $60,754 by year five. Five-year ROI tracks 142.02% and total cumulative return in cash totals $103,528. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,957/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1915
3,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60064, North Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,456 (100%) |
| Owner Occupied HU | 2,216 (40.6%) |
| Renter Occupied HU | 2,649 (48.6%) |
| Vacant Housing Units | 591 (10.8%) |
| Median Home Value | $162,793 |
| Average Home Value | $246,053 |
Housing Distribution
Address Breakdown
Residential
5,067
Single Family
4,080
Multi-Family
987
Businesses
325
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Listed by: Erika Ricardo • Netgar Investments Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12530696