W Argyle St & N Kimball Ave, Chicago, IL 60625, USA
Under Contract - 2-4 Unit
  • Sale Price :$690,000
  • Gross Rents:$6,000
  • Cash Flow ( 20% Down Loan ):$1,386
  • Net Rents ( Less Expenses ):$4,146
  • Cap Rate: 7.21%
  • Number of Units: 3
  • Cash Flow (Low Money Down Loan): $541
  • Cash on Cash ( Low Money Down Loan): 18.81%
  • Cash on Cash ( 20% Down Loan ): 12.05%

I sold this to a rehabber in 2016 and then represented the buyer in the purchase from them in 2018.  We saw it when the top two floors were almost done and went under contract before the permits were complete for the basement unit of this legal 3 unit.  It was a long, stressful, process and we had to adapt and move the closing a few months to accommodate some hiccups with permitting.  But the project turnout out great and the buyers got a brand new gut rehabbed property.


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