Description
Fantastic investment opportunity on a quite tree lined street of Jefferson Park. Legal 3 flat perfect for an investor or live in owner looking to invest in themselves. Get the best of both worlds with a wonderful mix of vintage charm and modern conveniences. Kitchens and baths have been remodeled a while ago but very nice. Two 2-bedroom 1 bath units plus a large 4 room one bedroom on top floor. Enclosed back porches and lots of extra storage. All units have separate furnaces. Located in a quiet little neighborhood of Jefferson Park near Beaubien School and perfectly situated with easy commuter access to I-90 off Lawrence or hop on the Blue Line or Metra train just a couple blocks away. Still, plenty of opportunity to expand... additional potential square footage in the full high basement. Brand new 2 car garage and a nice, fenced yard. Rents $1900. 1st floor, $1800. 2nd floor, $1550. 3rd floor and $250 for garage with a total of $5500. monthly or $66,000 yearly gross less expenses of $18522. equals a net income of $47128. A 7% return on a cash-on-cash investment. Property in good condition and being sold as is'. Any questions, offers or concerns contact Norbert Mika. See agent remarks.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 5
Bathrooms: 3
County: Cook
Listed By:
Compass
312-319-1168
MRED MLS
MLS ID: 12676092
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5008 W Strong Street, Chicago, IL 60630.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $659,900 | $659,900 | $659,900 |
| Down Payment | $131,980 | $23,097 | $164,975 |
| Monthly Mortgage Amount | $3,208 | $3,990 | $4,077 |
| Taxes | $918 | $918 | $918 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $290 | $0 |
| Monthly Estimated Total | $4,318 | $5,390 | $5,187 |
Kathleen Cobler
Cell: (563) 340-0815
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