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$242,000

For Sale - Active
3427 Vollmer Rd Unit 108, Flossmoor, IL 60422
3 Beds
3 Baths
1,500 Square Feet
0.00 Acres Lot
Built in 1974
For Sale - Active
Units n/a
Checked: 3 hours ago
Updated: Jun 15, 2025 at 03:13AM

Investment Summary


Monthly Cash Flow
-$444
Cap Rate
3.5%
Cash-on-Cash Return
-9.6%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-5.3%

Property Description


0.00 Acres Lot
Built in 1974
For Sale - Active
Units n/a

Nestled within the distinguished Tamarac of Flossmoor Condominiums, this impeccably maintained first-floor unit offers an unparalleled living experience with its spacious design, featuring three bedrooms and three full bathrooms. The formal living room exudes warmth and sophistication with its wood-burning fireplace, newer wood flooring, and an abundance of natural light. Adjacent to this inviting space is the combination dining room, which offers picturesque views of the wrought-iron gated patio through elegant paned sliding glass doors. The renovated eat-in kitchen is a masterpiece of modern convenience and style, boasting 42-inch cherry cabinetry, gleaming granite countertops, and top-of-the-line stainless steel appliances. This unit also includes an in-unit front-load stackable washer and dryer for added convenience. Among the bedrooms, the unique guest suite stands out with an ensuite bathroom and two spacious closets-providing both privacy and comfort. The master bedroom serves as a personal retreat, complete with an attached make-up table, two generous closets, and a full master bath. Additional highlights include one dedicated storage unit and two parking spaces in the heated underground garage, ensuring both practicality and luxury. The building itself offers an impressive array of amenities tailored to an active and sophisticated lifestyle, including a fitness room, community room, pickleball court, scenic trails, and comprehensive exterior maintenance services. Lawn care, snow removal, and ample parking for guests further enhance the convenience and appeal of this remarkable property. This condominium exemplifies defined living, combining elegance, functionality, and premium location features to create a truly exceptional home.

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Location


Property Details


Parking

  • Details: Garage Door Opener, Heated Garage, On Site, Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Unfinished, Block, Full

HOA

  • Has HOA: Yes
  • HOA Fee: $617/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 31114050261008
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1974

Tax Information

  • Annual Tax: $5,706

Utilities

  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Cook

Listing Details


Listed by:
Quantina Cummings
Keller Williams Preferred Rlty
(708) 798-1111

Source:
Midwest Real Estate Data (MRED)
MLS#: 12388846
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$444
Cap Rate
3.5%
Cash-on-Cash Return
-9.6%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-5.3%

Purchase Details

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Purchase price:
$242,000
Amount financed:
-$193,600
Down payment:
$48,400
Closing costs:
$7,260
Rehab costs:
$0
Initial cash invested:
$55,660
Square feet:
1,500
Cost per square foot:
$161
Monthly rent per square foot:
$1.73

Financing Details

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Loan amount:
$193,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,145
Property tax:
$476
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,803

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$476-$5,707
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (24%)
24%-$617-$7,404
Total operating expenses: (67%)
67%-$1,743-$20,911

Cash Flow


Monthly Yearly
Net operating income:
$701 $8,412
Mortgage payments:
-$1,145 -$13,740
Cash flow:
$444 $5,328