N Kimball Ave & W Irving Park Rd, Chicago, IL 60618, USA
Sold, Sold 2016 - 2-4 Unit
  • Sale Price :$451,000
  • Gross Rents:$4,000
  • Cash Flow ( 20% Down Loan ):$1,037
  • Net Rents ( Less Expenses ):$2,841
  • Cap Rate: 7.56%
  • Number of Units: 3
  • Cash Flow (Low Money Down Loan): $484
  • Cash on Cash ( Low Money Down Loan): 25.75%
  • Cash on Cash ( 20% Down Loan ): 13.79%

C & I had friends that were clients of mine and wanted to reduce their mortgage payment.  The first day we went out to see properties they fell in love.  The seller even took their offer, which was lower than another, because they liked them so much.  Within 6 weeks of meeting they were moving into their dream home and were able to pay way less than renting.

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