Chicago 4-Unit Multi-Family Investment Property

[Account Closed]

New Chicago multi-family opportunity available:

4 Units, fully rehabbed, tenanted - cash flowing, and professionally managed.  

Purchase price: $409,900.  Non-recourse financing in place: $264,000.  Amount Invested: $145,900

Cash on cash returns: 9%

Definition of 'non-recourse finance':

A loan where the lending bank is entitled to repayment from the profits of the project the loan is funding, not from other assets of the borrower.