9748 Mill Dr E APT 2E, Palos Park, IL, 60464 | 8.1% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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9748 Mill Dr E APT 2E, Palos Park, IL, 60464 | 8.1% Rental Yield | Ziffy

For Sale

Listed for sale today

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Palos Park at 9748 Mill Dr E APT 2E, Palos Park, IL, 60464 offers a 8.1% rental yield on a $300,000 purchase with $2,025/mo rent. 24% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 100.25% and total cumulative return in cash at $99,696. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,025/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

Sophisticated, fully updated 2-bedroom, 2-bath condominium in desirable Palos Park. This impeccably renovated residence showcases refined finishes and thoughtful design throughout. The expansive primary suite offers a walk-in closet and a spa-inspired en-suite bath featuring dual vanities, a custom tile shower with rain shower head, and a sleek frameless glass enclosure. The secondary bathroom is elegantly appointed with an updated vanity, tub, and designer tile surround. Rich hardwood floors extend throughout the home, complemented by crisp white interior doors, decorative white trim, and dimmable recessed lighting that enhances the home's modern ambiance. The chef-inspired kitchen boasts white cabinetry, granite countertops, built-in microwave, and ambient under-cabinet accent lighting-perfect for both everyday living and entertaining. Additional conveniences include in-unit washer and dryer and an attached garage to the building. A truly turnkey residence offering timeless elegance, comfort, and upscale living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 60464, Palos Park, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,141 (100%)
Owner Occupied HU	3,432 (82.9%)
Renter Occupied HU	420 (10.1%)
Vacant Housing Units	289 ( 7.0%)
Median Home Value	$446,879
Average Home Value	$505,444