Hi everyone. I've got a turnkey deal available in the Washington Heights neighborhood of Chicago, IL. This property was in demo court back in 2013 and was saved, rehabbed, stabilized, and rented out. It's been performing ever since and is currently leased up and ready to be sold at a deep, deep discount!
- Home Type: Single Family
- Construction: Frame
- Bedrooms: 3
- Bathrooms: 2
- Living Space: 819 Sqft
- Lot Size: 3,125 Sqft
- Stories: 2
- Basement: Full
- Garage: 2 Car, detached
- Nearest Elementary School: Kipling Elementary
- Nearest High School: Harlan Community Academy High School
- Real Estate Taxes (annual): $1,926.84
- Insurance (annual): $520
- Utilities: Owner Pays Water - ~$50/mo
- Tenant pays all other utilities.
- Gross annual rent: $15,180 ($1,265/mo)
Factoring in vacancy (8%), repairs and maintenance (5%), reserves (cap ex @ 5%), management (9%), and all other listed costs, we project a 9.21% ROI at a purchase price of $85,000.
If interested, reach out! Email me at Ken.Yu@ChicagoRES.com. My work phone is (773) 466-6724.