$85,000
$760/mo
Estimated monthly Section 8 cashflow
Refreshed Jun 9, 2026
1650 S Ridgeway Ave, Chicago, IL 60623
Chicago, IL 60623
4 bd · 2 ba
Est. rent $1,960/mo · HUD 2025 SAFMR · ZIP 60623
$85,000
$760/mo
1650 S Ridgeway Ave, Chicago, IL 60623
Chicago, IL 60623
4 bd · 2 ba
Est. rent $1,960/mo · HUD 2025 SAFMR · ZIP 60623
Refreshed Jun 9, 2026
Fair Market Rent
4-bedroom
2024$1,900
2025$1,960
YoY change+3.2%
2026$1,970
Source: HUD 2025 Fair Market Rent · ZIP 60623
Housing authority (multiple)
- IL025Housing Authority Cook County10 S La Salle St Ste 2200, Chicago, IL, 60603Phone
Estimated monthly cashflow
$760
HUD 2025 SAFMR · ZIP 60623
Assumes 25% down · 7.20% APR · 30-yr fixed.
Section 8 rent$1,960
HUD 2025 SAFMR · ZIP 60623
Property tax-$85
From listing data
Cap rate16.8%Cash-on-cash38.3%DSCR2.76
Open the calculator to change assumptions.
Estimates only, based on HUD FMR and conservative defaults. Verify all numbers independently. Not investment advice.
5-year projection
FRED-drivenTotal cashflow
$57,104
Appreciation
$13,538
Total return
297%
Annualized IRR
31.7%
Annual cashflow
Y1
$9,839
Y2
$10,595
Y3
$11,385
Location
Crime Data
FBI 2025Crime rating
7.2/ 10
Lower reported crime
Violent / 100k
256
Property / 100k
1,549
7.0-10 means lower FBI-reported crime rates, a generally safer signal.
Source: FBI Crime Data Explorer · Reported rates per 100,000; verify local block-level conditions