W Armitage Ave & N Central Park Ave, Chicago, IL 60647, USA
Sold, Sold 2016 - 2-4 Unit
  • Sale Price :$520,000
  • Gross Rents:$5,150
  • Cash Flow ( 20% Down Loan ):$1,659
  • Net Rents ( Less Expenses ):$3,739
  • Cap Rate: 8.62%
  • Number of Units: 3
  • Cash Flow (Low Money Down Loan): $1,022
  • Cash on Cash ( Low Money Down Loan): 47.16%
  • Cash on Cash ( 20% Down Loan ): 19.14%

A & K wanted to do a rehab using a 203k loan and rolling in the rehab costs.  We found this great three unit with a duplex down in a really hot area.  We hit many roadblocks with this property and after fighting tooth and nail we finally closed a few months later.  They started a $150,000 rehab unit updating all the units and systems in the property.

“I worked with Brie on finding, purchasing and a multi unit property in Chicago to rehab and rent out. Not only was it my first home purchase but first investment property as well. From the wry beginning she went above and beyond not only helping with the search and answering any of my many questions along the way, but also providing financial analysis guidance prior to the purchase so I could be an educated and well informed buyer / investor. I wouldn’t work with anyone else in the Chicagoland area if the opportunity comes to buy another multi-unit property. She’s been a huge help and resource well after the transaction was finished and a typical agent or broker would be done offering their help.”

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