W Addison St & N Cicero Ave, Chicago, IL 60641, USA
Sold 2018 - 2-4 Unit
  • Sale Price :$425,000
  • Gross Rents:$3,950
  • Cash Flow ( 20% Down Loan ):$963
  • Net Rents ( Less Expenses ):$2,663
  • Cap Rate: 7.51%
  • Number of Units: 4
  • Cash Flow (Low Money Down Loan): $442
  • Cash on Cash ( Low Money Down Loan): 25.01%
  • Cash on Cash ( 20% Down Loan ): 13.59%

This was an off market property that has room to increase rents drastically with a few cosmetic updates.  The buyer is going to move into a unit and fix it up before moving on to the next until the property is updated and getting market rents.

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