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1244 S. Avers St, Chicago, IL 60623

Total Investment: $400,000.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Rent Assistance!

This property's rent is partly or wholly paid by the U.S. Federal Government through HUD Section 8.

The rent of Section 8 properties is usually exceptionally stable.

Property Highlights

  • Expected Yield

    10.25%
  • Rent Start Date

    2021-01-28
  • Rent per Token

    $5.12 / year
  • Token Price

    $50.00
  • Total Tokens

    8,000
  • Property Type

    Multi Family
  • Construction Year

    1915
  • Neighborhood

    Lawndale
  • Square Feet

    5,862
  • Lot Size

    3,049
  • Bedroom/Bath

    3 x 2 Bed, 3 x 3 Bed, 6 x 1 Bath
  • Total Units

    6 Units
  • Section 8?

    Partial
  • Section 8 Pays...

    15%

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above equity multiple for investors; however, no assurance can be given that you will obtain any return on investment, and there is a risk that you can lose your entire investment.

Financials

  • Gross Rent / year

    $64,692.00
  • Gross Rent / month

    $5,391.00
  • Monthly Costs

    - $1,975.99
    • Property Management (8.00%)
      - $431.28
    • RealT Platform (2.00%)
      - $107.82
    • Property Taxes
      - $291.67
    • Insurance
      - $160.00
    • Utilities
      - $985.22
  • Net Rent / month

    $3,415.01
  • Net Rent / year

    $40,980.12
  • Total Investment

    $400,000.00
    • Underlying Asset Price
      $340,000.00
    • RealT Listing Fee (10%)
      $40,000.00
    • Initial Maintenance Reserve
      $10,000.00
    • Initial Renovation Reserve
      $10,000.00
  • Expected Yield

    10.25%

Maintenance Reserve

Map

Property Records

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