817 N Kolin AveChicagoIL60651
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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 817 N Kolin Ave, Chicago, IL, 60651 uses $66,797 cash to close to unlock $14,179/yr annual cash flow and $1,182/mo monthly cash flow. Total monthly income runs $2,579/mo, and a $986/mo payment keeps the spread at $1,182/mo. Purchase price stands at $201,500, and rental yield measures 15.36% with $2,579/mo rent. Return on cash invested shows 41.14% in year one, and 5% annual appreciation builds toward $55,671 over five years. Five-year ROI reaches 217.66% and total cumulative return in cash records $145,391. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,579/mo property income covering a $986/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 1900
3,048 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60651, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,526 (100%) |
| Owner Occupied HU | 9,143 (37.3%) |
| Renter Occupied HU | 12,918 (52.7%) |
| Vacant Housing Units | 2,465 (10.1%) |
| Median Home Value | $284,034 |
| Average Home Value | $328,944 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
12,747
Multi-Family
3,661
Businesses
1,048
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