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402 S Kostner Ave, Chicago, IL 60624

View Smart Contracts: Eth Gnosis

Total Investment: $ 571,230.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    8.24% Partially Rented

    Not including capital appreciation

  • Income per Token

    $ 4.28 / year
  • Income Start Date

    May 17, 2021
  • Token Price

    $ 51.93
  • Total Tokens


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

  • Full Address

    402 S Kostner Ave, Chicago, IL 60624
  • Country

  • Source

  • Neighborhood

    West Garfield Park
  • Construction Year

  • Total Units

    6 Units
  • Bedroom/Bath

    1x2, 2x3, 1x4, 2xRetail / 6x1
  • Rental Type

  • Rented?

    5 / 6 Units
  • Rent Subsidy?

    Section 8
  • Rent Subsidy Pays...


Property Financials

  • Gross Rent / year

    $ 71,700.00
  • Gross Rent / month

    Partially Rented $ 5,975.00
  • Monthly Costs

    - $ 2,050.58
    • Property Management (8.00%)
      - $ 478.00
    • RealT Platform (2.00%)
      - $ 119.50
    • Property Taxes
      - $ 192.67
    • Insurance
      - $ 183.33
    • Utilities
      - $ 1,077.08
  • Net Rent / month

    $ 3,924.42
  • Net Rent / year

    $ 47,093.04
  • Total Investment

    $ 571,230.00
    • Underlying Asset Price
      $ 450,000.00
    • Sourcing Fee (10%)
      $ 57,128.33
    • Initial Maintenance Reserve
      $ 14,155.00
    • Initial Renovation Reserve
      $ 50,000.00
    • Unrounded Listing Price
      $ 571,283.33
    • Rounding Difference
      - $ 53.33
  • Expected Income

    Partially Rented 8.24%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

  • Parking

    Parking Area
  • Interior Size (sqft)



  • Identifier

  • Total Tokens


Gnosis Chain


Test Renovation content!

Offering Details

  • Offering Date

    May 4, 2021
  • Issuer

    RealToken LLC - Series #102 - 402 S Kostner
  • Min. Investment Amount

  • Max. Investment Amount

  • Amount Raised

  • Offering Percent (of Total Tokens)


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

Welcome to your new Chicago property! The Kostner Apartments is a beautiful mixed-use building in a fast-growing neighborhood. This stunner features lovely hardwood flooring throughout, with updated kitchen cabinets and bath fixtures. All of the residential units are spacious, with a feel of comfort and security. The building has had recent capital improvements to the furnace, porches, plumbing, and fencing, and all units are fully renovated. S Kostner also enjoys copper piping! As an added bonus, this property includes the lot to the south, 406 S Kostner.

All units are paying rent despite the impact of COVID-19 on the retail tenants. RealT has also set aside $50,000 for additional aesthetic improvements to the building and parking lot in order to maximize the value of this excellent investment. And as the cherry on top, Chicago’s West Garfield Park neighborhood is primed for economic and residential development; for more analysis of nearby neighborhood growth, see Chicago’s plans and the investment summary.


Property Records

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