Chicago-triplex-12-15It’s a great Wednesday in the Windy City, and with the new year upon us, we wanted to start it out right! And how can it go wrong with with a beautiful looking triplex on the market??

This one is truly a great deal – and puts a whopping $1,901 in cash flow in your bank account each month (and that’s conservatively estimated!)…..

Chicago is a city that is on the rise: it’s the #1 most diversified economy in the US, chock full of colleges, hospitals, Fortune 5oo employers… And most importantly, there are tenants and lots of them. Let’s take a look at today’s hot find!

Triplex

Location: Chicago, IL.

Built In: 1905 (fully renovated)

Purchase price: $250,000 (not a foreclosure, normal sale)

Property info: 10 bedrooms, 3 bathrooms, 4,004 square feet, 2 stories

Income

Monthly rent collected: $3,238

Expenses

Monthly expenses

Property taxes: $364

Insurance: $150

Property management fees: $259

Monthly expenses (conservatively estimated)

Vacancy (7%): $227

Repairs (5%): $162

Owner-paid Utilities: $133

Total Monthly Expenses- $1,337

Net Income = Income – Expenses = $1,901

Advanced Numbers

Cap Rate = 9.13%

annual net income (non-inclusive of mortgage payment) / purchase price 

Cash-on-cash return =

Depends on your leveraging.

Special Terms

  • 1 Year Scope of Work Warranty

If you are interested in this property or seeing others like it, contact Melissa at melissa@hipsterinvestments.com. Take the plunge: you won’t regret it!

Want to see more deals like this?
We’ll send them to you!

Want to see more deals like this? We'll send them to you!

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