Chicago Investment Property – West Garfield Brick 4 Unit – PRICE REDUCED!

Chicago Investment Property – West Garfield Brick 4 Unit –

Price Reduced!


1 – 3 beds & 3 – 2 bed units

ASKING: 72K
Taxes: $4,500
Repairs: 70K

ARV: 210K – 240K

Sold: 5025 Adams – $315K

Rents:
Garden – $500
2 Beds — $750
3 Bed – $1000
Est. Yearly Gross: $45,000
Est. Yearly Expenses: $15,000
(taxes, insurance, 10% misc.)

Est. Net: $30,000
Est. Cash On Cash Return: 20%

OPEN to SELLER FINANCING!

Call for details
Needs just cosmetic, side stair case and deck built to city code
Need to come and see it to negotiate!

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2 People have left comments on this post



» Ron said: { Dec 23, 2010 - 10:12:55 }

To Whom it May Concern,
Do you guy’s also rehab properties? What is the main industry in the area? Are people actively seeking to rent in this area?

Is there copper inside the property? Being an out of state investor (very familiar with the Chicago area), what are the risks of investing on the South and Southwest side? I currently rehab properties in Detroit so I appreciate an honest assessment and recommendation (no feelings hurt).

Finally, how did you arrive at the rental estimates and the cash flow of 30k per year? Thanks.

Ron

(734) 516-7218

» RJ Cid said: { Jan 13, 2011 - 10:01:52 }

Ron, I will send you an email shortly. thanks for adding to our blog!