N Elston Ave & W Irving Park Rd, Chicago, IL 60618, USA
Sold, Sold 2016 - 2-4 Unit
  • Sale Price :$520,000
  • Gross Rents:$4,350
  • Cash Flow ( 20% Down Loan ):$926
  • Net Rents ( Less Expenses ):$3,006
  • Cap Rate: 6.93%
  • Number of Units: 3
  • Cash Flow (Low Money Down Loan): $289
  • Cash on Cash ( Low Money Down Loan): 13.33%
  • Cash on Cash ( 20% Down Loan ): 10.68%

M is an experienced investor and was looking for a rehab project.  We found this foreclosure property that was a legal 3 unit and M planned a $240,000 gut rehab project of the property.  After 9 months of renovation she got the units rented out quickly and for more rent than we expected.

 

“I first met Brie at a Chicago Real Estate Investors Meetup that she co-founded.  It was very clear when meeting Brie that she was very passionate about real estate investing and assisting other investors. 

Brie is very knowledgeable about the real estate market on the North side of Chicago.  Brie represented my business partner and me in purchasing 2 multi-family properties on North side of Chicago, as buy and hold strategies.    One purchase was an off-market property she found for us and another was a bank owned property.  What is really great with Brie is just how responsive she is when you send her questions or need further information on a property.  She is very timely in responding to emails and texts.  If she doesn’t know an answer to a question, she will let you know such and then find the answer and get back to you!

Brie is also proactive in presenting her clients with available properties that meet their criteria.  Not only does she provide detailed information about the property and listing, she presents her investor clients with pro-forma financial calculations on the property to assist them in making an offer.  If someone I knew was looking for a property or selling a property on the North side of Chicago, I would gladly refer them to Brie and would know they were in good hands!”

Features

Property Map

Similar Properties

Leave a Reply

Your email address will not be published. Required fields are marked *