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
3 bed 2 bath e/unit
1550 S. Homan
3,400 sq. ft
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
