We are back again – to Chi-town as the locals call it with a beautiful duplex that’s been fully redeveloped. turnkey-rental-property-duplex-philadelphia.

This one is truly an amazing deal – and puts $1,300 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 a major global destination: chock full of colleges, hospitals, Fortune 5oo employers-  and most importantly: tenants and lots of them. Let’s take a look at today’s hot find: double your income streams on one property – easy and hassle-free.

Location: Chicago, IL.

Built In: 1897 (fully redeveloped and waiting for your tenants to enjoy)

Purchase price: $175,000 (not a foreclosure, normal sale)

Property info: 7 bedrooms, 2 bathrooms, 2,396  square feet and off street parking!

Income

Monthly rent collected: $2,300

Expenses

Monthly expenses

Property taxes: $251

Insurance: $108

Property management fees: $184

Landscaping: $80

Owner-Paid Utilities: $100

Monthly expenses (conservatively estimated)

Vacancy (7%): $161

Repairs (5%): $115

Total Monthly Expenses- $1,00 (a nice even number for you!)

Net Income = Income – Expenses = $1,300

Advanced Numbers

Cap Rate = 8.92%

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 Ali at ali@hipsterinvestments.com. Take the plunge: you won’t regret it!

Comments
  • steven
    Reply

    What neighborhood is this in?

    • Ali
      Reply

      Hi Steven! I would need to get you in touch directly with the seller for the specifics on the neighborhood. It is south side Chicago, but this seller is very strategic in where they buy south side, so it’s not the danger zones.

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