Chicago Investment Property – Brick 3 Flat, 3 Bed 2 Baths Each! Great Deal! PENDING

Chicago Investment Property – Brick 3 Flat, 3 Bed 2 Baths Each! Great Deal!

Chicago Lawn/Douglas Park

Multi Unit – 3 Units
3 bed 2 bath e/unit

1550 S. Homan
3,400 sq. ft

ASKING: 42K
Repairs: 50K
Taxes: $5,400

ARV: 160-175K
Rents: Section 8: $1,100

Est. Yearly Gross: $39,600
Est. Yearly Expenses: $12,000
(taxes, insurance, 10% misc.)

Est. Net: $27,600

Cash on Cash ROI: 29%

DEAL IS NOT ON THE WEBSITE YET!

Repair Notes: Top 2 units need new drywall, cabinets, carpeting, and bathroom fixtures. All units equiped for their own heat and air.

Separate meters.

Bottom unit needs most work: floors buckled from water, drywall has most damage, other than that, same work as other 2 units.

Great rental, few blocks from school and highway.

http://www.ChicagoCashFlowproperties.com

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