9146 Grand Ave APT 1SEFranklin ParkIL60131
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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 Franklin Park at 9146 Grand Ave APT 1SE, Franklin Park, IL, 60131 uses $74,588 cash to close to unlock $271/yr annual cash flow and $23/mo monthly cash flow. Total monthly income runs $1,583/mo, and a $1,101/mo payment keeps the spread at $23/mo. Purchase price stands at $225,000, and rental yield measures 8.44% with $1,583/mo rent. Return on cash invested shows 20.27% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 105.79% and total cumulative return in cash records $78,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,583/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60131, Franklin Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,547 (100%) |
| Owner Occupied HU | 4,443 (67.9%) |
| Renter Occupied HU | 1,787 (27.3%) |
| Vacant Housing Units | 317 ( 4.8%) |
| Median Home Value | $275,620 |
| Average Home Value | $288,640 |
Housing Distribution
Address Breakdown
Residential
6,296
Single Family
5,276
Multi-Family
1,020
Businesses
1,026
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Listed by: Minelva Morales-Griffin • Chicago Homes Real Estate Corp
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12459572