974 W 35th Pl #503ChicagoIL60616
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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 Chicago at 974 W 35th Pl #503, Chicago, IL, 60616 uses $82,875 cash to close to unlock $8,419/yr annual cash flow and $702/mo monthly cash flow. Total monthly income runs $2,436/mo, and a $1,224/mo payment keeps the spread at $702/mo. Purchase price stands at $249,999, and rental yield measures 11.69% with $2,436/mo rent. Return on cash invested shows 30.07% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 158.32% and total cumulative return in cash records $131,206. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,436/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60616, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,617 (100%) |
| Owner Occupied HU | 8,535 (30.9%) |
| Renter Occupied HU | 16,441 (59.5%) |
| Vacant Housing Units | 2,641 ( 9.6%) |
| Median Home Value | $405,780 |
| Average Home Value | $465,159 |
Housing Distribution
Address Breakdown
Residential
23,897
Single Family
6,943
Multi-Family
16,954
Businesses
1,662
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