N Laramie Ave & W Irving Park Rd, Chicago, IL 60641, USA
Sold, Sold 2017 - 2-4 Unit
  • Sale Price :$500,000
  • Gross Rents:$4,175
  • Cash Flow ( 20% Down Loan ):$912
  • Net Rents ( Less Expenses ):$2,912
  • Cap Rate: 6.98%
  • Number of Units: 3
  • Cash Flow (Low Money Down Loan): $300
  • Cash on Cash ( Low Money Down Loan): 14.40%
  • Cash on Cash ( 20% Down Loan ): 10.94%

This was a newly renovated property n Portage park with a big yard and back deck.  We offered on the property and were outbid, and when the buyer could not get financing we stepped in and closed the deal.  We moved quickly and had it closed quickly so the buyers could get the units rented out asap.

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