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.
