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CHICAGO , IL 60651
3 Beds, 2.5 Bath(s) $230,000
Property Type: DE
|Remarks - Attention INVESTORS!!!: Cap rate=10.43%. Take your money out of the stock or crypto market before both crash and put it in a solid, income producing investment for years to come. The $2,000 monthly rent is paid almost entirely by the Chicago Housing Authority (CHA) and the lease goes until 03/31/2020. Much better than that money market account that pays you 0.00001%. Property has been inspected several times by the CHA and their quality control department. All type of repairs have been made to this 5 bedrooms- 2.5 bathrooms huge home with 3 stories of living space. New roof, new furnace, boiler room, new carpet, paint, etc. Check the map for location just 5 blocks west from Kedzie and the park where there are several new construction homes. Enjoy the cash flow for a few years, then cash out selling it for top dollar few years from now. 4 lines of buses take you anywhere: Grand, Chicago, Division and Homan/Kimball lines. Pictures with metal in windows were taken before tenant moved in.
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