Note Buyer Needed for Chicago Mixed-Use Church/Apt
Calling all note buyers and IRA investors!!!
I have a client that wants to buy a mixed-use property in Chicago that currently generates $1,300 in free cash flow each month and is configured as follows:
- ground floor church that pays $500 / month rent -- currently occupied
- 2nd floor residence that pays $800 / month rent -- currently occupied
- 2 bed / 1 bath rear coach house ($700 / month rent -- currently vacant)
The purchase price is $35,000 and the buyer is putting $5,000 down...so they need the remaining $30,000. By this coming Wednesday.
Please call (312-724-8594) or inbox me if you are interested in structuring a 5 to 6 year note at 11% interest. The buyer is comfortable paying the full $1,300 per month in cash flow to cover the loan.
Address is 1225 West 51st Street, Chicago, IL 60609.
Time is of the essence (isn't it always!)...so let me know ASAP if you're interested!
Felicia Bell
Decade Real Estate
[email protected]