It looks like you’re in the U.S.

To view our offerings and start building your digital real estate portfolio, you will need to complete ID Verification, including U.S. Accredited Investor verification.

1521-1523 S Drake Ave, Chicago, IL 60623

View Smart Contracts: Eth xDai

Total Investment: $ 799,200.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income

    10.30%

    Not including capital appreciation

  • Rent per Token

    $ 5.14 / year

  • Rent Start Date

    July 21, 2021

  • Token Price

    $ 49.95

  • Total Tokens

    16,000

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

    1521-1523 S Drake Ave, Chicago, IL 60623

  • Neighborhood

    North Lawndale

  • Construction Year

    1899

  • Total Units

    12 Units

  • Bedroom/Bath

    6x3, 6x2 / 12x1

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    Section 8

  • Rent Subsidy Pays...

    100%

Property Financials

  • Gross Rent / year

    $ 133,500.00

  • Gross Rent / month

    $ 11,125.00

  • Monthly Costs

    - $ 4,267.50
    • Property Management (8.00%)
      - $ 890.00
    • RealT Platform (2.00%)
      - $ 222.50
    • Property Taxes
      - $ 699.00
    • Insurance
      - $ 370.00
    • Utilities
      - $ 2,086.00

  • Net Rent / month

    $ 6,857.50

  • Net Rent / year

    $ 82,290.00

  • Total Investment

    $ 799,200.00
    • Underlying Asset Price
      $ 670,000.00
    • Operating Expense Reimbursement (10%)
      $ 79,916.67
    • Initial Maintenance Reserve
      $ 22,250.00
    • Initial Renovation Reserve
      $ 27,000.00
    • Unrounded Listing Price
      $ 799,166.67
    • Rounding Difference
      $ 33.33

  • Expected Income

    10.30%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    6,270

  • Parking

    Street Parking

  • Interior Size (sqft)

    11,544

Test Renovation content!

Offering Details

  • Offering Date

    June 1, 2021

  • Issuer

    RealToken LLC - Series #108 - 1521-1523 S Drake

  • Min. Investment Amount

    $49.95

  • Max. Investment Amount

    $799,200.00

  • Amount Raised

    $799,200.00

  • Offering Percent (of Total Tokens)

    100.00%

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.

Learn More

About the Property

1521 and 1523 S. Drake are the best of a package of buildings purchased from a seller who personally curated and nurtured the tenancies, and personally managed the operations on a daily basis. They represent among the most exciting real estate investment opportunities we’ve offered to date: Two grey stone buildings in the sought after Lawndale neighborhood of Chicago, side by side, each with six units resulting in investment diversification, downside insulation and built-in economies and efficiencies of operation… all in one offering. One building is a past winner of the Chicago Association of Realtors “outstanding rehabs“ award and the other sports a recently installed new roof, new thermal pane windows, and a new steel porch. These buildings are not only attractive, they are in particularly good operating shape.

Map

Property Records

Please sign in to view property records. Sign In >

Previous Properties

No Previous Properties were found for your area. US persons can only view US-only properties, and non-US persons can only view Non-US properties. If you believe you're seeing this message in error, please contact us via chat in the lower right corner of the website!
It looks like there are no previous properties at this time.
To improve site performance, the previous property query has been temporarily disabled until 22:46 UTC

    RealT has sold 290 other properties to investors around the world!

    For more information about these properties, please contact us via chat in the lower right corner of your screen, or email us at [email protected].