845 W Altgeld St APT 3AChicagoIL60614
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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 845 W Altgeld St APT 3A, Chicago, IL, 60614 uses $197,400 cash to close to unlock $11,496/yr annual cash flow and $958/mo monthly cash flow. Total monthly income runs $5,120/mo, and a $2,937/mo payment keeps the spread at $958/mo. Purchase price stands at $600,000, and rental yield measures 10.24% with $5,120/mo rent. Return on cash invested shows 25.88% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 135.83% and total cumulative return in cash records $268,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,120/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60614, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,652 (100%) |
| Owner Occupied HU | 15,678 (39.5%) |
| Renter Occupied HU | 20,729 (52.3%) |
| Vacant Housing Units | 3,245 ( 8.2%) |
| Median Home Value | $725,252 |
| Average Home Value | $931,602 |
Housing Distribution
Address Breakdown
Residential
39,043
Single Family
10,459
Multi-Family
28,584
Businesses
1,922
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