Want to skyrocket your cash-flow? Who doesn’t! You know Hipster loves Chicago – and you know Hipster loves the Triplex turnkey. Why? Simply put: serious cash-flow on both fronts. Chicago is a fantastic city in which to invest – lots of tenants, big employers, great property management, fantastic ROI’s. If you want to triple your earning potential with one property purchase, this Chicago triplex could be just what you want.
So… why does Hipster love the Triplex again? Triplexes multi-task for you. Buy one property. Get one property manager. Net three monthly rents. The triplex can really extend your reach and transform your portfolio. If you are looking to hit the ground running as a real estate investor, purchasing a triplex is a proven way to do it.
Note: On our Chicago properties, construction times can run a bit longer as these are older properties that come to you FULLY renovated – however there are A LOT of advantages to going under contract now rather than later. Reach out to us to learn more!
Location: Chicago, IL. Built In: 1924 (fully renovated & ready to rent)
Purchase price: $250,00 (not a foreclosure, normal sale)
Property info: 9 bedroom, 3 bathroom, 3,963 square feet (triplex!)
Monthly rent collected: $3,300
Property taxes: $274
Property management fees: $264
Monthly expenses (conservatively estimated)
Vacancy (7%): $231
Repairs (5%): $165
Owner-paid Utilities: $100
Total Monthly Expenses- $1,316
Net Income = Income – Expenses = $1,984
Cap Rate =9.52%
Cash-on-cash return =
Depends on your leveraging.
If you are interested in this property or seeing others like it, contact Melissa at firstname.lastname@example.org.