Description
Updated 2 flat with extra basement non-conforming apartment. All electric, plumbing and HVAC were updated approximately 8 years ago along with some kitchens and bathrooms. Nice size apartments first and second floors have 2 bedrooms. Extra tandem bedroom on 1st floor. Basement is 4 room 2 bedrooms. Nice yard and a 2 car garage. Rents: Non-conforming garden $1250. Includes all utilities. 1st floor: $1800. 1st floor pays utilities and receives a $100. credit for basement utilities so they pay $1700. net rent. 2nd floor: $1595. They pay their own utilities. Garage $300. Rented to someone not living in property Mo. to Mo. Total income $4845. a month $58140 gross yearly less $12444. expenses or $45696. Net income or 7.74% return!! Great investment.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 6
Bathrooms: 3
County: Cook
Listed By:
Compass
312-319-1168
MRED MLS
MLS ID: 12677202
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5445 N Magnet Avenue , 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 | $589,900 | $589,900 | $589,900 |
| Down Payment | $117,980 | $20,647 | $147,475 |
| Monthly Mortgage Amount | $2,867 | $3,566 | $3,644 |
| Taxes | $821 | $821 | $821 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $260 | $0 |
| Monthly Estimated Total | $3,860 | $4,819 | $4,637 |
Kathleen Cobler
Cell: (563) 340-0815
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