837 N Harlem Ave APT 2NOak ParkIL60302
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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 Oak Park at 837 N Harlem Ave APT 2N, Oak Park, IL, 60302 offers a 9.22% rental yield on a $189,900 purchase with $1,459/mo rent. Total monthly income registers $1,459/mo, and a $929/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,707/yr on $62,952 to close, and return on cash invested stands at 22.62% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 118.42% and total cumulative return in cash at $74,549. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,459/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60302, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,205 (100%) |
| Owner Occupied HU | 8,776 (54.2%) |
| Renter Occupied HU | 5,976 (36.9%) |
| Vacant Housing Units | 1,453 ( 9.0%) |
| Median Home Value | $527,016 |
| Average Home Value | $564,863 |
Housing Distribution
Address Breakdown
Residential
15,552
Single Family
6,924
Multi-Family
8,628
Businesses
783
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