W Cermak Rd & S Western Ave, Chicago, IL 60608, USA
Sold, Sold 2017 - 2-4 Unit
  • Sale Price :$640,000
  • Gross Rents:$5,000
  • Cash Flow ( 20% Down Loan ):$985
  • Net Rents ( Less Expenses ):$3,545
  • Cap Rate: 6.64%
  • Number of Units: 3
  • Cash Flow (Low Money Down Loan): $201
  • Cash on Cash ( Low Money Down Loan): 7.5%
  • Cash on Cash ( 20% Down Loan ): 9.23%

This was a brand new rehabbed property in Pilsen.  These large units have 3+ bedroom and 1.5 baths.  Two of the units were rented already, slightly below market rents, with room to increase when they renew.

 

“Brie was absolutely essential to have on my team as I went through the process of buying my first property. She’s knowledgeable, proactive, and to-the-point, and her wealth of first-hand experience truly distinguishes her from the traditional real estate agent. I would happily work with Brie in the future and would easily recommend her to anyone looking for an agent.”

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