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$174,900

Sold
1412 Balmoral Ave, Westchester, IL 60154
2 Beds
0 Baths
1,000 Square Feet
0.00 Acres Lot
Built in 1955
Sold
Units n/a
Checked: 13 hours ago
Updated: Jul 23, 2025 at 01:47AM

Investment Summary


Monthly Cash Flow
$633
Cap Rate
10.0%
Cash-on-Cash Return
18.9%
Debt Coverage Ratio
1.76
Internal Rate of Return (5 years)
22.4%

Property Description


0.00 Acres Lot
Built in 1955
Sold
Units n/a

Nicely updated 2 bedroom brick ranch in the middle of Westchester. Vinyl replacement windows throughout (including basement). Recently remodeled kitchen opens up to living room. Bathroom has been updated with ceramic tiles. Hardwood floors throughout first floor. Huge yard with nice patio is great for entertaining. Full unfinished basement is waiting for your ideas. Close to park district and schools.

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Location


Property Details


Parking

  • Description: Garage Door Opener(s), Transmitter(s)
  • Details: Garage Door Opener, Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1
  • Basement Description: Unfinished, Full

Exterior Features

  • Exterior Walls Materials: Masonry

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1521111045
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1955

Tax Information

  • Annual Tax: $3,168

Utilities

  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Cook

Listing Details


Listed by:
Michael Gobber
Real Living Gobber Realty
(708) 655-2552

Source:
Midwest Real Estate Data (MRED)
MLS#: 08745673
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
$633
Cap Rate
10.0%
Cash-on-Cash Return
18.9%
Debt Coverage Ratio
1.76
Internal Rate of Return (5 years)
22.4%

Purchase Details

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Purchase price:
$174,900
Amount financed:
-$139,920
Down payment:
$34,980
Closing costs:
$5,247
Rehab costs:
$0
Initial cash invested:
$40,227
Square feet:
1,000
Cost per square foot:
$175
Monthly rent per square foot:
$2.50

Financing Details

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Loan amount:
$139,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$828
Property tax:
$264
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,267

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$264-$3,168
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$889-$10,668

Cash Flow


Monthly Yearly
Net operating income:
$1,461 $17,532
Mortgage payments:
-$828 -$9,936
Cash flow:
$633 $7,596