w-chicago-11-16We have found ANOTHER Chicago duplex ready for someone to invest in! Do you want double the cash flow with this real estate investing opportunity? Snatch it up before someone else does!

This one is truly a great deal – and puts a whopping $1,080 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!

Duplex

Location: Chicago, IL.

Built In: 1895 (fully renovated)

Purchase price: $159,000 (not a foreclosure, normal sale)

Property info: 5 bedrooms, 2 bathrooms, 2,272 square feet, 2 stories

Income

Monthly rent collected: $2,000

Expenses

Monthly expenses

Property taxes: $286

Insurance: $100

Property management fees: $160

Monthly expenses (conservatively estimated)

Vacancy (7%): $140

Repairs (5%): $100

Total Monthly Expenses- $920

Net Income = Income – Expenses = $1,080

Advanced Numbers

Cap Rate = 8.15%

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

Cash-on-cash return =

Depends on your leveraging.

Special Terms

  • 6 Month Warranty on Maintenance

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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