9523 Oconto AveMorton 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
Rental property for sale in Morton Grove at 9523 Oconto Ave, Morton Grove, IL, 60053 generates $3,360/mo in rent and, after a $1,835/mo payment, leaves $759/mo in cash flow. Total monthly income is $3,360/mo, and annual cash flow is $9,112/yr on $124,313 invested. Return on cash invested sits at 27.24% in year one, and rental yield is 10.75% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 143.15% and total cumulative return in cash sums $177,951. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,360/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
7,200 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Keith Gilmartin • john greene, Realtor
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12525246