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Turnkey 4-unit in Good Neighborhood 6.7% CAP
Turnkey fully rented property in Irving Park neighborhood of Chicago, 1 block away from grocery and 3 blocks from public transit. In a safe and rapidly developing area. Oversized lot great for future development. Extras- Detached 3-car garage rents for $365 a month, and a coin laundry provides $100 month on average.
Buy direct from me and save $11,000 on the purchase price.
I can provide property management or you can use your own management company.
Brokers out there I am paying buyer's commission if you bring a buyer (do not solicit me for any other reason).
Numbers-
Property | Price | Downpayment | Annual Rents | Taxes (2018) | Insurance | Utilities | Management | Fixed Costs | Repair Estimate | Cap Rate |
4210 N Kilpatrick Ave | $ 555,000 | $ 138,750 | $ 58,680.00 | $ 8,679.16 | $1,100 | $ 2,000.00 | $ 4,694.40 | $ 16,473.56 | $5,000.00 | 6.7% |
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