Real Estate Broker · Chicago, IL · Member since 2024 · 25 posts · 11 votes
Investors & 1031 Exchange Principals,
Fully remodeled 4BR/1BA in the high-demand 60160 zip code. This is a true "plug-and-play" asset with no deferred maintenance, making it an ideal candidate for a 1031 replacement or a low-drag addition to a local portfolio.
The Highlights:
Turnkey Condition: New granite/SS kitchen, & hardwood floors.
Property Specs: 4 Bedrooms, attached garage, large corner lot, and fully fenced yard.
Market Position: Melrose Park is currently seeing 11.5% YoY rent growth, making this a strong yield play.
The Financials ($370k Asking):
Projected Rent: $3,200/mo ($38,400 Gross Annual)
Estimated NOI: ~$23,500/yr
Cap Rate:6.4%
Why Work With Me? I can facilitate a fast, professional closing to help you meet strict identification deadlines.