W Belmont Ave & N Milwaukee Ave, Chicago, IL 60618, USA
Sold, Sold 2016 - 2-4 Unit
  • Sale Price :$388,000
  • Gross Rents:$3,700
  • Cash Flow ( 20% Down Loan ):$1016
  • Net Rents ( Less Expenses ):$2,568
  • Cap Rate: 7.94%
  • Number of Units: 3
  • Cash Flow (Low Money Down Loan): $541
  • Cash on Cash ( Low Money Down Loan): 33.46%
  • Cash on Cash ( 20% Down Loan ): 13.09%

C is a newly licensed agent who was looking to purchase his first income property.  He wanted this to be a learning experience and to create value in the property.  We found him a great property less then a block from his family home.  It came fully occupied with month-to-month tenants, all of which he kept except the unit he moved into, and he is updating it unit by unit as leases expire.

“I would highly recommend working with Brie. She was my agent on my first real estate investment, and I had a great experience. I closed on my first owner-occupancy (house hack) deal in August 2016. Being a rookie with a full-time job, Brie thoroughly explained and advised on nearly every step of the process and I felt very comfortable making the decision I did. She advised on questions I had about properties from her own deep experience, and pulled in a team that she regularly works with where appropriate for support. After we closed, she remains in contact for questions and support, which is greatly appreciated and helpful. I hope to purchase another investment property in the near future and will definitely turn to Brie for guidance.”

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