Deal Diary: 5br single family house hack - Portage Park

[Henry Lazerow]

This is a clients deal and the 2nd property he bought through me using 5% down mortgages. It is a 5br house in southwest side of portage park for $350,000 and each bedroom will rent $800-900 range from comps we found. Taxes low at $2839. Should produce nice cashflow and also equity as he updates the unit, most comps are 400s+! I like to look at deals on a total return basis and a cosmetic value add boosts that greatly. House was very dated cosmetically but good bones. 

Some photos....