8820 Mobile Ave APT 3COak LawnIL60453
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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
Rental property for sale in Oak Lawn at 8820 Mobile Ave APT 3C, Oak Lawn, IL, 60453 generates $2,496/mo in rent and, after a $1,062/mo payment, leaves $771/mo in cash flow. Total monthly income is $2,496/mo, and annual cash flow is $9,251/yr on $71,936 invested. Return on cash invested sits at 32.77% in year one, and rental yield is 13.8% on a $217,000 entry. Equity gained on principal adds $1,400/yr, while 5% annual appreciation builds toward $59,953 over five years. Five-year ROI reaches 174.1% and total cumulative return in cash sums $125,237. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,496/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60453, Oak Lawn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,136 (100%) |
| Owner Occupied HU | 17,786 (76.9%) |
| Renter Occupied HU | 4,209 (18.2%) |
| Vacant Housing Units | 1,141 ( 4.9%) |
| Median Home Value | $290,812 |
| Average Home Value | $300,700 |
Housing Distribution
Address Breakdown
Residential
23,037
Single Family
15,931
Multi-Family
7,106
Businesses
1,260
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Listed by: Marie Clucas • RE/MAX Ultimate Professionals
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12370351
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)