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1617 S Avers Ave, Chicago, IL 60623

View Smart Contracts: Eth Gnosis

Total Investment: $ 396,630.00

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

    0.50% Partially Rented

    Not including capital appreciation

  • Income per Token

    $ 0.26 / year
  • Income Start Date

    June 24, 2021
  • Token Price

    $ 50.85
  • Total Tokens

    7,800

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

    1617 S Avers Ave, Chicago, IL 60623
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    North Lawndale
  • Construction Year

    1911
  • Total Units

    6 Units
  • Bedroom/Bath

    6x2 Bed / 6x1 Bath
  • Rental Type

    Long-term
  • Rented?

    2 / 6 Units
  • Rent Subsidy?

    Section 8
  • Rent Subsidy Pays...

    100%

Property Financials

  • Gross Rent / year

    $ 22,800.00
  • Gross Rent / month

    Partially Rented $ 1,900.00
  • Monthly Costs

    - $ 1,734.00
    • Property Management (8.00%)
      - $ 152.00
    • RealT Platform (2.00%)
      - $ 38.00
    • Property Taxes
      - $ 310.00
    • Insurance
      - $ 184.00
    • Utilities
      - $ 1,050.00
  • Net Rent / month

    $ 166.00
  • Net Rent / year

    $ 1,992.00
  • Total Investment

    $ 396,630.00
    • Underlying Asset Price
      $ 335,000.00
    • Sourcing Fee (10%)
      $ 39,666.67
    • Initial Maintenance Reserve
      $ 17,000.00
    • Initial Renovation Reserve
      $ 5,000.00
    • Unrounded Listing Price
      $ 396,666.67
    • Rounding Difference
      - $ 36.67
  • Expected Income

    Partially Rented 0.50%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    2,900
  • Parking

    Street Parking
  • Interior Size (sqft)

    4,989

Test Renovation content!

Offering Details

  • Offering Date

    June 11, 2021
  • Issuer

    RealToken LLC - Series #112 - 1617 S Avers
  • Min. Investment Amount

    $50.85
  • Max. Investment Amount

    $396,630.00
  • Amount Raised

    $396,630.00
  • 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.

Map

Property Records

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