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618 E 79th St, Chicago, IL 60619

View Smart Contracts: Eth xDai

Total Investment: $ 1,143,675.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    8.03%

    Not including capital appreciation

  • Rent per Token

    $ 4.08 / year
  • Rent Start Date

    October 1, 2022
  • Token Price

    $ 50.83
  • Total Tokens

    22,500

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

    Mixed-Use
  • Full Address

    618 E 79th St, Chicago, IL 60619
  • Neighborhood

    Chatam
  • Construction Year

    1924
  • Stories

    3 Stories
  • Total Units

    20 Units
  • Bedroom/Bath

    6x2, 5x1 Bed; 5x Studio; 4x Store / 20x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Section 8?

    No

Property Financials

  • Gross Rent / year

    $ 169,260.00
  • Gross Rent / month

    $ 14,105.00
  • Monthly Costs

    - $ 6,455.08
    • Property Management (8.00%)
      - $ 1,128.40
    • RealT Platform (2.00%)
      - $ 282.10
    • Maintenance Expenses
      - $ 1,258.33
    • Property Taxes
      - $ 1,100.00
    • Insurance
      - $ 602.50
    • Utilities
      - $ 2,083.75
  • Net Rent / month

    $ 7,649.92
  • Net Rent / year

    $ 91,799.04
  • Total Investment

    $ 1,143,675.00
    • Underlying Asset Price
      $ 975,000.00
    • Operating Expense Reimbursement (10%)
      $ 114,356.67
    • Initial Maintenance Reserve
      $ 28,210.00
    • Initial Renovation Reserve
      $ 25,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 1,143,566.67
    • Rounding Difference
      $ 108.33
  • Expected Income

    8.03%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    7,500
  • Foundation

    Poured Concrete / Basement
  • Exterior Walls

    Brick
  • Roof Type

    Asphalt
  • Parking

    Street Parking
  • Interior Size (sqft)

    15,225
  • Heating

    Central Hot Water Tank
  • Cooling

    None
  • Building Class

    C
  • Renovated

    Well-maintained
  • Property Manager

    WPD Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-618-E-79TH-ST-CHICAGO-IL
  • Total Tokens

    22500

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    August 17, 2022
  • Issuer

    RealToken International 618 E 79th St, Inc
  • Min. Investment Amount

    $50.83
  • Max. Investment Amount

    $1,143,675.00
  • Amount Raised

    $1,143,675.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

618 E 79th St

Welcome to your new Chicago property!

This classic mixed-use property is excellent for diversifying your real estate portfolio in two ways: it moves you outside of Detroit, and it houses 2 different types of tenants in its 16 residential units and 4 stores. E 79th is in a nice neighborhood with many shops next door and the Grand Crossing Park just a few blocks away.

This 1924-built property is located near 738-742 E 87th Pl and 7337 S Yale Ave, which will allow us to start enjoying economies of scale with our Chicago property management!

Finally, the property was stabilized and renovated about 2 years ago by the current owner when he bought it. However, he was unable to complete the renovation of all units, as some were rented with old leases. That’s why we’ve budgeted $25,000 in renovations to finish the remaining units, which should make for a comfortable upside in the coming months.

Map

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