8521 Lotus Ave APT 706SkokieIL60077
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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 Skokie at 8521 Lotus Ave APT 706, Skokie, IL, 60077 uses $54,035 cash to close to unlock $7,370/yr annual cash flow and $614/mo monthly cash flow. Total monthly income runs $2,090/mo, and a $798/mo payment keeps the spread at $614/mo. Purchase price stands at $163,000, and rental yield measures 15.39% with $2,090/mo rent. Return on cash invested shows 33.55% in year one, and 5% annual appreciation builds toward $45,034 over five years. Five-year ROI reaches 179.81% and total cumulative return in cash records $97,159. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,090/mo property income covering a $798/mo payment rather than investor’s personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
$345 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60077, Skokie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,412 (100%) |
| Owner Occupied HU | 6,835 (59.9%) |
| Renter Occupied HU | 3,980 (34.9%) |
| Vacant Housing Units | 597 ( 5.2%) |
| Median Home Value | $354,218 |
| Average Home Value | $389,827 |
Housing Distribution
Address Breakdown
Residential
11,210
Single Family
5,188
Multi-Family
6,022
Businesses
1,340
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Listed by: Subica Rauf • Divine Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12368381
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. [Click here for more information](/mls-disclaimers/#17)