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7337 S Yale Ave, Chicago, IL 60621

View Smart Contracts: Eth Gnosis

Total Investment: $ 645,250.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.58%

    Not including capital appreciation

  • Income per Token

    $ 4.95 / year
  • Income Start Date

    December 13, 2021
  • Token Price

    $ 51.62
  • Total Tokens

    12,500

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

    Multi Family
  • Full Address

    7337 S Yale Ave, Chicago, IL 60621
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Englewood
  • Construction Year

    1912
  • Total Units

    9 Units
  • Bedroom/Bath

    6x3, 3x2 Bed / 9x1 Bath
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 96,240.00
  • Gross Rent / month

    $ 8,020.00
  • Monthly Costs

    - $ 2,868.33
    • Property Management (8.00%)
      - $ 641.60
    • RealT Platform (2.00%)
      - $ 160.40
    • Maintenance Expenses
      - $ 500.00
    • Property Taxes
      - $ 833.33
    • Insurance
      - $ 300.00
    • Utilities
      - $ 433.00
  • Net Rent / month

    $ 5,151.67
  • Net Rent / year

    $ 61,820.04
  • Total Investment

    $ 645,250.00
    • Underlying Asset Price
      $ 550,000.00
    • Sourcing Fee (10%)
      $ 64,522.22
    • Initial Maintenance Reserve
      $ 15,700.00
    • Initial Renovation Reserve
      $ 15,000.00
    • Unrounded Listing Price
      $ 645,222.22
    • Rounding Difference
      $ 27.78
  • Expected Income

    9.58%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    5,650
  • Exterior Walls

    Brick
  • Parking

    Street Parking
  • Interior Size (sqft)

    7,950
  • Heating

    In-Unit Furnace & Water Tank / Tenant Paid Gas
  • Cooling

    None

Test Renovation content!

Offering Details

  • Offering Date

    November 24, 2021
  • Issuer

    RealToken LLC - Series #173 - 7337 S Yale
  • Min. Investment Amount

    $51.62
  • Max. Investment Amount

    $645,250.00
  • Amount Raised

    $645,250.00
  • Offering Percent (of Total Tokens)

    100.00%

About the Property

7337 S Yale Ave, Chicago, IL 60621

Just south of Chicago, this beautiful, 9 unit building is located in a favorable neighborhood just outside the city. RealT will be investing $15,000 towards renovations for improvements. The renovation budget is dedicated to preventative maintenance to avoid more expensive repairs in the future. A new lighting system was installed to ensure added security and the roof and gutters were repaired. Much of the renovation budget was dedicated to maintenance projects to prevent more expensive repairs in the future.

7337 S. Yale Ave. is situated across the street from Memorial Park and close to Hamilton Park which is a cultural hub and offers youth and adult activities. The neighborhood is bustling with stable, working class families and is conveniently located to major commuting routes and public transportation.

Map

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