Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$289,999

For Sale - Active
6142 S Richmond St, Chicago, IL 60629
4 Beds
2 Baths
3,750 Square Feet
0.00 Acres Lot
Built in 1920
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 30, 2025 at 02:06AM

Investment Summary


Monthly Cash Flow
$484
Cap Rate
7.7%
Cash-on-Cash Return
8.7%
Debt Coverage Ratio
1.35
Internal Rate of Return (5 years)
12.5%

Property Description


0.00 Acres Lot
Built in 1920
For Sale - Active
Units n/a

Welcome to this beautifully updated 5-bedroom, 2-bathroom home in the heart of CHICAGO LAWN! Offering a perfect blend of modern amenities and comfortable living, this spacious property features a finished attic, providing flexible space for a home office, guest room, or play area. Step into the updated kitchen complete with stainless steel appliances, ample counter space-perfect for everyday meals and cooking. The home also features a full basement, offering additional living space to suit your needs.Each bedroom is generously size. Enjoy the outdoors in your great-sized yard, enhanced with brand-new cement work, ideal for gatherings or simply relaxing in the sun. Additional highlights include a two-car garage, low taxes, and proximity to local schools, restaurants, stores, and more-making this home both convenient and connected to everything Gage Park has to offer. Don't miss the opportunity to make this move-in-ready home yours. Schedule your private tour today!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Attic: Yes
  • 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: 1913320033
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Bungalow
  • Year Built: 1920

Tax Information

  • Annual Tax: $3,393

Utilities

  • Heating: Radiant
  • Cooling: None

Location

  • County: Cook

Listing Details


Listed by:
Clarissa Vega
Avenue Properties Chicago
(312) 825-8593

Source:
Midwest Real Estate Data (MRED)
MLS#: 12432542
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
$484
Cap Rate
7.7%
Cash-on-Cash Return
8.7%
Debt Coverage Ratio
1.35
Internal Rate of Return (5 years)
12.5%

Purchase Details

Find an Agent

Purchase price:
$289,999
Amount financed:
-$231,999
Down payment:
$58,000
Closing costs:
$8,700
Rehab costs:
$0
Initial cash invested:
$66,700
Square feet:
3,750
Cost per square foot:
$77
Monthly rent per square foot:
$0.83

Financing Details

Find a Lender

Loan amount:
$231,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,372
Property tax:
$283
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,872

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$283-$3,394
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$1,058-$12,694

Cash Flow


Monthly Yearly
Net operating income:
$1,856 $22,272
Mortgage payments:
-$1,372 -$16,464
Cash flow:
$484 $5,808