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4852-4854 W Cortez St, Chicago, IL 60651

View Smart Contracts: Eth Gnosis

Total Investment: $ 916,200.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    11.04%

    Not including capital appreciation

  • Income per Token

    $ 5.62 / year

  • Income Start Date

    June 9, 2021

  • Token Price

    $ 50.90

  • Total Tokens

    18,000

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

    4852-4854 W Cortez St, Chicago, IL 60651

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Austin

  • Construction Year

    1926

  • Total Units

    12 Units

  • Bedroom/Bath

    6x2, 6x3 Beds / 12x1 Baths

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    Section 8

Property Financials

  • Gross Rent / year

    $ 153,360.00

  • Gross Rent / month

    $ 12,780.00

  • Monthly Costs

    - $ 4,353.00
    • Property Management (8.00%)
      - $ 1,022.40
    • RealT Platform (2.00%)
      - $ 255.60
    • Property Taxes
      - $ 1,334.00
    • Insurance
      - $ 265.00
    • Utilities
      - $ 1,476.00

  • Net Rent / month

    $ 8,427.00

  • Net Rent / year

    $ 101,124.00

  • Total Investment

    $ 916,200.00
    • Underlying Asset Price
      $ 800,000.00
    • Sourcing Fee (10%)
      $ 91,611.11
    • Initial Maintenance Reserve
      $ 24,500.00
    • Unrounded Listing Price
      $ 916,111.11
    • Rounding Difference
      $ 88.89

  • Expected Income

    11.04%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    10,040

  • Parking

    Street Parking

Test Renovation content!

Offering Details

  • Offering Date

    June 1, 2021

  • Issuer

    RealToken LLC - Series #111 - 4852-4854 W Cortez

  • Min. Investment Amount

    $50.90

  • Max. Investment Amount

    $916,200.00

  • Amount Raised

    $916,200.00

  • 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.

Learn More

About the Property

This is RealT’s 100th property, and we couldn’t be prouder! 4852-4854 W Cortez is actually two adjacent multi-family buildings — both beautiful brick, both fully rented, and almost entirely Section 8, making the rent exceptionally stable. Cortez requires no up-front renovations, and the cap rate is truly exceptional for a Chicago property, especially one in such excellent condition.

Cortez is special for another reason, too. We purchased Cortez from an owner-operator who was deeply involved in nurturing the property and hand-picking the tenants. He built a close working relationship with the Section 8 authority in Chicago to ensure that his properties were built for long-term tenancy. We intend to build on this foundation of trust and stewardship, while working to enhance an already-attractive return on investment. This property promises enormous opportunity in a stable, beautiful package!

Map

Property Records

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