FP North Ave Plan, 2254 W North AveChicagoIL60647
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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
Rental property for sale in Chicago at FP North Ave Plan, 2254 W North Ave, Chicago, IL, 60647 offers $5,158/mo rent that, after a $4,155/mo payment. Total monthly income is $5,158/mo. Return on cash invested measures 15.85% in year one, and rental yield stands at 7.29% at a $849,000 entry. Equity gained on principal adds $5,478/yr while 5% annual appreciation compounds into $234,563 by year five. Five-year ROI records 82.41% and total cumulative return in cash reaches $230,192. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,158/mo property income versus a $4,155/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60647, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,715 (100%) |
| Owner Occupied HU | 14,112 (34.7%) |
| Renter Occupied HU | 23,027 (56.6%) |
| Vacant Housing Units | 3,576 ( 8.8%) |
| Median Home Value | $545,438 |
| Average Home Value | $636,453 |
Housing Distribution
Address Breakdown
Residential
35,146
Single Family
17,125
Multi-Family
18,021
Businesses
2,271
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