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CHICAGO , IL 60647
6 Beds, 0.0 Bath(s) $849,000
Property Type: MU
|Remarks - Cap rate is 6.45% including taxes and expenses! Prime Bucktown location on Hoyne near Webster. Zoning is RT-4. Lot size is 25 x 126. All 4 units are currently rented and occupied. Arm chair investment or live in and subsidize your mortgage while enjoying appreciation in an appreciating market. Gross rental income $73,200. Expenses : Trash + Water = $1200, insurance = $3568. Gross expenses= $4768. NOI =$68.432. Cap Rate is NOI divided by Purchase price $68,432/$849,000 = cap rate of 8%! Including property tax of $13,642, cap rate is $54790/$849,000 =6.45%. The 3 bedroom unit is a duplex up with central heat, central air, laundry in the unit & a dishwasher. The other three units are all 1 bed 1 bath with central heat only. Never vacant, easy to rent units in a great location!
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