8640 Waukegan Rd UNIT 227Morton 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 8640 Waukegan Rd UNIT 227, Morton Grove, IL, 60053 earns $461/mo cash flow from $1,975/mo rent with a $886/mo payment. Total monthly income totals $1,975/mo, and annual cash flow totals $5,537/yr on $60,002 capital. ROI tracks 29.14% on current figures, and rental yield reads 13.09% at a $181,000 purchase. Equity gained on principal adds $1,168/yr, and 5% annual appreciation supports $50,007 over five years. Five-year ROI reaches 155.23% and total cumulative return in cash sums $93,139. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,975/mo property income instead of your personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
$258 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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Listed by: Lisa Wenzel, ABR,GRI,SRS • Wenzel Select Properties, Ltd.
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12294333
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)