Frame SFR rental for sale in 60620 at deep discount. 9.21% cap.

[Ken Yu]

Hi everyone. I've got a turnkey deal available in the Washington Heights neighborhood of Chicago, IL. This property was in demo court back in 2013 and was saved, rehabbed, stabilized, and rented out. It's been performing ever since and is currently leased up and ready to be sold at a deep, deep discount! 

9248. S Normal

This is a good neighborhood with low crime. Despite the fact this home is frame, it sits in an area where top market homes are trading at a median of $160,000 and is within fairly respectable school zones. Distressed homes have been bought for as high as $60,000 in this area. 

Home Type: Single Family

Construction: Frame

Bedrooms: 3

Bathrooms: 2

Living Space: 819 Sqft

Lot Size: 3,125 Sqft

Stories: 2

Basement: Full

Garage: 2 Car, detached

Nearest Elementary School: Kipling Elementary

Nearest High School: Harlan Community Academy High School

Real Estate Taxes (annual): $1,926.84

Insurance (annual): $520

Utilities: Owner Pays Water - ~$50/mo

Tenant pays all other utilities.

Gross annual rent: $15,180 ($1,265/mo)

Factoring in vacancy (8%), repairs and maintenance (5%), reserves (cap ex @ 5%), management (9%), and all other listed costs, we project a  9.21% ROI at a purchase price of $85,000. 

If interested, reach out! You can message me here on BP, or email me at [email protected]. My work phone is (773) 466-6724.