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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

  • Token Type

    Standard Equity
  • Expected Income

    4.73% Partially Rented

    Not including capital appreciation

  • Income Start Date

    April 1, 2022
  • Income per Token

    $ 2.41 / year
  • 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
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Englewood
  • Construction Year

    1924
  • Stories

    3 Stories
  • Total Units

    15 Units
  • Bedroom/Bath

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

    Long Term
  • Rented?

    11 / 15 Units
  • Rent Subsidy?

    No

Property Financials

  • Gross Income / year

    $ 112,200.00
  • Gross Income / month

    Partially Rented $ 9,350.00
  • Monthly Costs

    - $ 5,628.00
    • Property Management (8.00%)
      - $ 748.00
    • RealT Platform (2.00%)
      - $ 187.00
    • Maintenance Expenses
      - $ 1,125.00
    • Property Taxes
      - $ 1,250.00
    • Insurance
      - $ 360.00
    • Utilities
      - $ 1,958.00
  • Net Income / month

    $ 3,722.00
  • Net Income / year

    $ 44,664.00
  • Total Investment

    $ 944,055.00
    • Underlying Asset Price
      $ 810,000.00
    • Sourcing Fee (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
  • Expected Income

    Partially Rented 4.73%

    Not including capital appreciation

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
  • Property Manager

    -

Test Renovation content!

Offering Details

  • Offering Date

    March 10, 2022
  • Issuer

    RealToken International 1354 W 64th Street Chicago IL 60635 Inc
  • Min. Investment Amount

    $51.03
  • Max. Investment Amount

    $944,055.00
  • Amount Raised

    $944,055.00
  • Offering Percent (of Total Tokens)

    100.00%

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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