W Cermak Rd & S Damen Ave, Chicago, IL 60608, USA
Sold, Sold 2016 - 2-4 Unit
  • Sale Price :$515,100
  • Gross Rents:$4,850
  • Cash Flow ( 20% Down Loan ):$1,211
  • Net Rents ( Less Expenses ):$3,271
  • Cap Rate: 7.62%
  • Number of Units: 4
  • Cash Flow (Low Money Down Loan): $580
  • Cash on Cash ( Low Money Down Loan): 27.03%
  • Cash on Cash ( 20% Down Loan ): 14.10%

E and I started working together knowing that this would not be his last property.  So we went into it all planning for the second property and making sure the first would be a stepping stone and setting him up for a second within 18 months.  We found an off-market listing in Pilsen that was recently rehabbed and fully tenanted.  E was able to take over the property pretty quickly and start cash flowing from day one!

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