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1354 W 64th St, Chicago, IL 60636

View Smart Contracts: Eth xDai

Total Investment: $ 944,055.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Renovated Income

    10.30%

    Target date for stabilization: November 1, 2022

  • Current Expected Income

    8.10%

    Not including capital appreciation

  • Rent per Token

    $ 4.14 / year
  • Rent Start Date

    April 1, 2022
  • Token Price

    $ 51.03
  • Total Tokens

    18,500

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

We are targeting the above yield 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.

  • Property Type

    Multi Family
  • Full Address

    1354 W 64th St, Chicago, IL 60636
  • Neighborhood

    Englewood
  • Construction Year

    1924
  • Stories

    3 Stories
  • Total Units

    15 Units
  • Bedroom/Bath

    12x2, 3x3 Bed / 15x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $ 147,576.00
  • Gross Rent / month

    $ 12,298.00
  • Monthly Costs

    - $ 5,922.80
    • Property Management (8.00%)
      - $ 983.84
    • RealT Platform (2.00%)
      - $ 245.96
    • Maintenance Expenses
      - $ 1,125.00
    • Property Taxes
      - $ 1,250.00
    • Insurance
      - $ 360.00
    • Utilities
      - $ 1,958.00
  • Net Rent / month

    $ 6,375.20
  • Net Rent / year

    $ 76,502.40
  • Total Investment

    $ 944,055.00
    • Underlying Asset Price
      $ 810,000.00
    • Operating Expense Reimbursement (10%)
      $ 94,399.56
    • Initial Maintenance Reserve
      $ 24,596.00
    • Initial Renovation Reserve
      $ 15,000.00
    • Unrounded Listing Price
      $ 943,995.56
    • Rounding Difference
      $ 59.44
  • Current Expected Income

    8.10%

    Not including capital appreciation

  • Renovated Expected Income

    10.30%

    Target date for stabilization: 2022-11-01

Property Details

  • Lot Size (sqft)

    6,913
  • Foundation

    Masonry Block
  • Exterior Walls

    Brick
  • Roof Type

    Flat Torch Down
  • Parking

    Street Parking
  • Interior Size (sqft)

    12,600
  • Heating

    Forced Air / Natural Gas
  • Cooling

    None

Test Renovation content!

About the Property

1354 W 64th

This brick masterpiece is classic Chicago: understated but elegant, with accents that never go out of style. Built in 1924, its high-quality construction would be vastly more expensive today. W 64th also enjoys a very livable location next to well-maintained properties, a church, and Ogden Park, a large space that includes a pool, playgrounds, baseball fields, and basketball courts. The neighborhood is residential without being suburban, and amenities are close by.

We have budgeted $15,000 for some basic renovations that should improve quality of life and rental value; in addition, the electricity for each unit is now individually metered, so as leases are renewed, property owners will no longer pay for tenants’ electricity use. Put together, these changes should contribute to a significant increase in rental income over the course of 2022 – we are targeting a new income of approximately 10.30%.

Map

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