$24K/yr Cash Flow & Over $60K Equity ARV Great existing cash flow & equity! 3 of 4 units are occupied, and all tenants are current on month to month leases. Great opportunity to invest max $8k/unit, bring up to Fair Market Rent and cash flow for double the rate! Front up - 2 bed - 1 bath $480 Front down - 2 bed - 1 bath $475 Back up- 1bed 1 bath $450 Back down - 2 (small) beds - 1 bath $475 Plus has 2 car garage - you can also charge for parking! Great existing Cashflow in this deal. You could return investment in less than 4 years of owning this property. Total existing rents on three units of tenants who have been there up to 7 years is $1,400/mth cash flow. The 4th unit is vacant and ready for you to repair it and rent it for market value ($800 - $900/month). This property is FREE & CLEAR to Buyer, and priced to sell, with an ARV over $160,000 there is enough equity to rehab, 100% refinance and hold this deal and cash flow. Projects of $24,000/yr cash flow is pro forma. Drive by without disturbing tenants, or call/email to schedule a full walk through. Sold comps are within .5 miles from the subject property and have been sold within the last 6 months. Here are some 2 Unit Sale Comps (Note the subject property is 4 units): 235 S Seeley Ave , Chicago, IL 60609 - Sold on 02/2016 for $210K 2107 W 50th Pl , Chicago, IL 60609 - Sold on 07/2016 for $144K 5022 S Loomis Blvd , Chicago, IL 60609 - Sold on 03/2016 for $140K Nearby schools include Fulton Elementary School, Libby Elementary School and Richards Career Academy High School. The closest grocery stores are Sth Food, Garfield Foods Inc and Rubi Grocery. Nearby coffee shops include Dunkin' Donuts, Dunkin' Donuts and Jerries Cafe. Nearby restaurants include Wing King Express, Blue Shark Fish & Chicken and White Castle. Great bike lanes and transportation.
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