8351 Merrimac AveMorton GroveIL60053
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 Morton Grove at 8351 Merrimac Ave, Morton Grove, IL, 60053 with 5% annual appreciation on a $554,990 basis while $3,360/mo rent supports operations. 56% in year one. Equity gained on principal adds $3,581/yr, and five-year appreciation sums $153,334 alongside rental yield of 7.26%. Five-year ROI measures 75.93% and total cumulative return in cash totals $138,640. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,360/mo property income versus a $2,716/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2025
1,071 sqft lot
$N/A/sqft
$348 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60053, Morton Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,084 (100%) |
| Owner Occupied HU | 7,664 (84.4%) |
| Renter Occupied HU | 1,089 (12.0%) |
| Vacant Housing Units | 331 ( 3.6%) |
| Median Home Value | $382,199 |
| Average Home Value | $415,148 |
Housing Distribution
Address Breakdown
Residential
9,375
Single Family
7,715
Multi-Family
1,660
Businesses
692
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Nearby investment properties with comparable prices
Listed by: Nathan Wynsma • Nathan Wynsma
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12313048
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)