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$459,900

For Sale - Active
6037 S Mason Ave, Chicago, IL 60638
4 Beds
3 Baths
2,760 Square Feet
0.00 Acres Lot
Built in 1952
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jun 25, 2025 at 03:06AM

Investment Summary


Monthly Cash Flow
$141
Cap Rate
6.0%
Cash-on-Cash Return
1.6%
Debt Coverage Ratio
1.06
Internal Rate of Return (5 years)
5.6%

Property Description


0.00 Acres Lot
Built in 1952
For Sale - Active
Units n/a

Renovated Brick Raised Ranch w/ a 2nd Story Addition! 5-BR, 3-Bath. Modern kitchen with high quality cabinetry, sleek quartz countertops, brand-new SS appliances. 2 Generous Bedrooms on the Main Level! The 2nd Level Boast 2 Spacious additional Bedrooms and a Full Bath! Enjoy the Full Finished Basement with lots of extra living space!!

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Location


Property Details


Parking

  • Description: Garage
  • Details: On Site, Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Rooms: 9
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Partially Finished, Full

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Concrete Perimeter
  • Roof Material: Asphalt

Land Information

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

Lot Information

  • Parcel ID: 1917409013
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1952

Tax Information

  • Annual Tax: $5,310

Utilities

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Cook

Listing Details


Listed by:
Sonny Ruan
Chi Real Estate Group LLC
(312) 731-8015

Source:
Midwest Real Estate Data (MRED)
MLS#: 12402430
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
$141
Cap Rate
6.0%
Cash-on-Cash Return
1.6%
Debt Coverage Ratio
1.06
Internal Rate of Return (5 years)
5.6%

Purchase Details

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Purchase price:
$459,900
Amount financed:
-$367,920
Down payment:
$91,980
Closing costs:
$13,797
Rehab costs:
$0
Initial cash invested:
$105,777
Square feet:
2,760
Cost per square foot:
$167
Monthly rent per square foot:
$1.45

Financing Details

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Loan amount:
$367,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,176
Property tax:
$443
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,899

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$443-$5,310
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$1,443-$17,310

Cash Flow


Monthly Yearly
Net operating income:
$2,317 $27,804
Mortgage payments:
-$2,176 -$26,112
Cash flow:
$141 $1,692