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1542 S Ridgeway Ave, Chicago, IL 60623

View Smart Contracts: Eth xDai

Total Investment: $ 417,840.00

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

    10.59%

    Not including capital appreciation

  • Income Start Date

    May 20, 2021
  • Income per Token

    $ 5.53 / year
  • Token Price

    $ 52.23
  • Total Tokens

    8,000

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

    1542 S Ridgeway Ave, Chicago, IL 60623
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    North Lawndale
  • Construction Year

    1903
  • Total Units

    6 Units
  • Bedroom/Bath

    6x2 Bed / 6x1 Bath
  • Rental Type

    Long Term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    Section 8
  • Rent Subsidy Pays...

    43%

Property Financials

  • Gross Income / year

    $ 68,760.00
  • Gross Income / month

    $ 5,730.00
  • Monthly Costs

    - $ 2,042.00
    • Property Management (8.00%)
      - $ 458.40
    • RealT Platform (2.00%)
      - $ 114.60
    • Property Taxes
      - $ 560.00
    • Insurance
      - $ 175.00
    • Utilities
      - $ 734.00
  • Net Income / month

    $ 3,688.00
  • Net Income / year

    $ 44,256.00
  • Total Investment

    $ 417,840.00
    • Underlying Asset Price
      $ 365,000.00
    • Sourcing Fee (10%)
      $ 41,780.00
    • Initial Maintenance Reserve
      $ 11,020.00
    • Unrounded Listing Price
      $ 417,800.00
    • Rounding Difference
      $ 40.00
  • Expected Income

    10.59%

    Not including capital appreciation

Property Details

  • Parking

    Street Parking
  • Interior Size (sqft)

    3,125

Test Renovation content!

Offering Details

  • Offering Date

    May 13, 2021
  • Issuer

    RealToken LLC - Series #103 - 1542 S Ridgeway
  • Min. Investment Amount

    $52.23
  • Max. Investment Amount

    $417,840.00
  • Amount Raised

    $417,840.00
  • 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.

About the Property

Tenancy Update (2022-01-17)

1542 S Ridgeway recently had one unit vacated. This represents $920/month in rental income. We are currently cleaning the property, and are actively seeking new tenants with the objective of a significant rent increase. We will provide more information as it becomes available!

Map

Property Records

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