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 verify your status as a U.S. Accredited Investor.

Please sign in and head to ID Verification to get started!


1617 S Avers Ave, Chicago, IL 60623

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.

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.

Property Highlights

  • Expected Yield

    10.3%
  • Rent Start Date

    2021-06-24
  • Rent per Token

    $5.24 / year
  • Token Price

    $50.85
  • Total Tokens

    7,800
  • Property Type

    Multi Family
  • Construction Year

    1911
  • Neighborhood

    North Lawndale
  • Square Feet

    4,989
  • Lot Size

    2,900
  • Bedroom/Bath

    6x2 Bed / 6x1 Bath
  • Total Units

    6 Units
  • Section 8?

    Yes
  • Section 8 Pays...

    100%

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

    $66,000.00
  • Gross Rent / month

    $5,500.00
  • Monthly Costs

    - $2,094.00
    • Property Management (8.00%)
      - $440.00
    • RealT Platform (2.00%)
      - $110.00
    • Property Taxes
      - $310.00
    • Insurance
      - $184.00
    • Utilities
      - $1,050.00
  • Net Rent / month

    $3,406.00
  • Net Rent / year

    $40,872.00
  • Total Investment

    $396,630.00
    • Underlying Asset Price
      $335,000.00
    • RealT Listing Fee (10%)
      $39,666.67
    • Initial Maintenance Reserve
      $17,000.00
    • Initial Renovation Reserve
      $5,000.00
  • Expected Yield

    10.30%

Maintenance Reserve

Map

Previous Properties

It looks like there was an error getting previous properties, please refresh the page and try again.
It looks like there are no previous properties at this time.