1542 S Ridgeway Ave, Chicago, IL 60623

Total Investment: $417,840.00

Sold Out

Questions/Need Help? Email Us.

Property Highlights

  • Expected Yield

    10.02%
  • Rent Start Date

    2021-05-20
  • Rent per Token

    $5.24 / year
  • Token Price

    $52.23
  • Total Tokens

    8,000
  • Property Type

    Multi Family
  • Construction Year

    1903
  • Neighborhood

    North Lawndale
  • Square Feet

    3,125
  • Total Units

    6 Units
  • Bedroom/Bath

    6x2 Bed / 6x1 Bath
  • Rented?

    Fully Rented
  • Section 8?

    Partial
  • Section 8 Pays...

    45%

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

    $66,120.00
  • Gross Rent / month

    $5,510.00
  • Monthly Costs

    - $2,020.00
    • Property Management (8.00%)
      - $440.80
    • RealT Platform (2.00%)
      - $110.20
    • Property Taxes
      - $560.00
    • Insurance
      - $175.00
    • Utilities
      - $734.00
  • Net Rent / month

    $3,490.00
  • Net Rent / year

    $41,880.00
  • Total Investment

    $417,840.00
    • Underlying Asset Price
      $365,000.00
    • RealT Listing Fee (10%)
      $41,780.00
    • Initial Maintenance Reserve
      $11,020.00
  • Expected Yield

    10.02%

Maintenance Reserve

Map