chicago real estate investment propertiesWhere in the world is Hipster landing today? Does deep dish pizza mean anything to you?

We’re back to Chicago with an incredible find: a triplex that has been fully redeveloped, comes with a one year scope of work warranty and spectacular cash flow for you. Simply put: buying a triplex rocks for true real estate investors. Why? You buy one property and get three streams of income. You only need to deal with one property manager – one set of bills – which means you can just relax and watch your bank account fill.

Why is Chicago a great market right now? It’s the 4th most economically powerful city in the world – which means jobs, colleges, hospitals (and lots of eager/qualified renters). 31 Fortune 500 companies are proud to call Chicago home; beyond that – so is the deep dish pizza 🙂 If you want true value for your investment dollars and an ROI that can’t be beat, this amazing triplex will make you, and your wallet, very happy.

Location: Chicago, IL.

Built In: 1930 (fully redeveloped)

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

Property info: 9 bedrooms, 6 bathrooms, 4,000  square feet and a 3 car garage!

Income

Monthly rent collected: $3,300

Expenses

Monthly expenses

Property taxes: $342

Insurance: $163

Property management fees: $264

Landscaping: $120

Owner-Paid Utilities: $100

Monthly expenses (conservatively estimated)

Vacancy (7%): $231

Repairs (5%): $165

Total Monthly Expenses- $1,384

Net Income = Income – Expenses = $1,916 !!!! 

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price = 9.20%

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!

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