What's Available Wednesday? A Chicago Triplex!We are rolling in the Chicago Triplex properties this year! Are you ready for triple the cash flow in the new year? Here’s another opportunity for you!

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: 1922 (fully renovated)

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

Property info: 6 bedrooms, 3 bathrooms, 3,444 square feet, 2+ stories

Income

Monthly rent collected: $2,827

Expenses

Monthly expenses

Property taxes: $3250

Insurance: $146

Property management fees: $226

Monthly expenses (conservatively estimated)

Vacancy (7%): $198

Repairs (5%): $141

Owner-paid Utilities: $125

Total Monthly Expenses- $1,128

Net Income = Income – Expenses = $1,699

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

  • 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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