909 W Cornelia Ave APT 2SChicagoIL60657
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.43% yield at 909 W Cornelia Ave APT 2S, Chicago, IL, 60657 in Chicago is solid, but the $1,653/mo payment compresses net cash flow to $8/mo at $367,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $101,533 by year five, and $3,385/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.75) without U.S. income documentation. Total projected return: $162,341.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.1% |
| Monthly Cash Flow | $8 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,888 |
| Total Monthly Debt Service | $2,403 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1918
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60657, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,834 (100%) |
| Owner Occupied HU | 15,811 (34.5%) |
| Renter Occupied HU | 26,750 (58.4%) |
| Vacant Housing Units | 3,273 ( 7.1%) |
| Median Home Value | $548,884 |
| Average Home Value | $687,417 |
Housing Distribution
Address Breakdown
Residential
41,857
Single Family
7,557
Multi-Family
34,300
Businesses
2,016
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
Condo
Built in 1918
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60657, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,834 (100%) |
| Owner Occupied HU | 15,811 (34.5%) |
| Renter Occupied HU | 26,750 (58.4%) |
| Vacant Housing Units | 3,273 ( 7.1%) |
| Median Home Value | $548,884 |
| Average Home Value | $687,417 |
Housing Distribution
Address Breakdown
Residential
41,857
Single Family
7,557
Multi-Family
34,300
Businesses
2,016
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices