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1617 S Avers Ave, Chicago, IL 60623

View Smart Contracts: Eth xDai

Total Investment: $396,630.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    10.3%

    Not including capital appreciation

  • Rent Start Date

    2021-06-24
  • Rent per Token

    $5.24 / year
  • 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
  • Construction Year

    1911
  • Neighborhood

    North Lawndale
  • Bedroom/Bath

    6x2 Bed / 6x1 Bath
  • Total Units

    6 Units
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    Yes
  • Section 8 Pays...

    100%

Property 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 Income

    10.30%

    Not including capital appreciation

Test Renovation content!

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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