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$475,000

For Sale - Active
6158 S Austin Ave, Chicago, IL 60638
5 Beds
3 Baths
3,507 Square Feet
0.00 Acres Lot
Built in 1947
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Jun 21, 2025 at 03:26AM

Investment Summary


Monthly Cash Flow
-$1,234
Cap Rate
3.2%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.1%

Property Description


0.00 Acres Lot
Built in 1947
For Sale - Active
Units n/a

**APPROVED BUYERS MAY ELIGIBLE FOR UP TO $30,000 IN DOWN PAYMENT ASSISTANCE** BRICK AND SIDING FULLY RENOVATED AND UPDATED WITH 5 BEDROOMS, 2 FULL BATHROOMS, 1 HALF BATHROOM AND OVERSIZED 2.5 CAR GARAGE WITH FULLY FENCED IN BACKYARD AWAITS ITS NEW OWNERS. GET READY TO BE IMPRESSED AS YOU ENTER WITH ALL NEW WOOD FLOORING, DOORS, TRIM, MOLDINGS, LIGHTING AND HARDWARE. FIRST FLOOR INCLUDES LARGE LIVING ROOM, SEPARATE DINING ROOM, ONE BEDROOM, FULL BATHROOM AND CHEFS KITCHEN WITH NEW 42" WHITE SHAKER SOFT CLOSE CABINETS, QUARTZ COUNTERS, SUBWAY TILE BACKSPLASH AND PROFESSIONAL GRADE SS APPLIANCE PACKAGE WITH COUNTER OVERSIZED REFRIGERATOR, STOVE/RANGE, DISHWASHER AND MICROWAVE. UPSTAIRS YOU'll A MASSIVE PRIMARY BEDROOM WITH BALCONY AND WALK-IN CLOSET WITH SHARED BATHROOM SUITE THAT INCLUDES DOUBLE VANITY SINKS, LARGE SOAKING TUB AND SEPARATE TUB AND TWO ADDITIONAL LARGE BEDROOMS. THE LOWER LEVEL INCLUDES GENEROUS FAMILY ROOM, LAUNDRY, 1/2 BATH AND ADDITIONAL BEDROOM. ONE LOOK AND YOU WON'T BE DISAPPOINTED, THIS HOME DUAL HVAC SYSTEMS FOR MAXIMUM EFFICIENCY THAT INCLUDES CENTRAL AC AND GAS FURNACES. NOTHING TO DO BUT MOVE RIGHT IN!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

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

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: 1917324040
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1947

Tax Information

  • Annual Tax: $5,661

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air, Zoned

Location

  • County: Cook

Listing Details


Listed by:
John Gutman
Gutman Real Estate
(312) 925-0024

Source:
Midwest Real Estate Data (MRED)
MLS#: 12398995
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$1,234
Cap Rate
3.2%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.1%

Purchase Details

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Purchase price:
$475,000
Amount financed:
-$380,000
Down payment:
$95,000
Closing costs:
$14,250
Rehab costs:
$0
Initial cash invested:
$109,250
Square feet:
3,507
Cost per square foot:
$135
Monthly rent per square foot:
$0.71

Financing Details

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Loan amount:
$380,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,487
Property tax:
$472
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,134

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: (19%)
19%-$472-$5,661
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: (44%)
44%-$1,097-$13,161

Cash Flow


Monthly Yearly
Net operating income:
$1,253 $15,036
Mortgage payments:
-$2,487 -$29,844
Cash flow:
$1,234 $14,808