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738-742 E 87th Pl, Chicago, IL 60619

View Smart Contracts: Eth Gnosis

Total Investment: $ 402,210.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    11.40%

    Not including capital appreciation

  • Income per Token

    $ 5.59 / year
  • Income Start Date

    July 1, 2021
  • Token Price

    $ 49.05
  • Total Tokens

    8,200

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
  • Country

    USA
  • Source

    RealT
  • Neighborhood

    Chatham
  • Construction Year

    1930
  • Total Units

    6 Units
  • Bedroom/Bath

    6x2 / 7x1
  • Rental Type

    Long-term
  • Rented?

    Fully Rented
  • Rent Subsidy?

    Section 8
  • Rent Subsidy Pays...

    79%

Property Financials

  • Gross Rent / year

    $ 70,200.00
  • Gross Rent / month

    $ 5,850.00
  • Monthly Costs

    - $ 2,028.67
    • Property Management (8.00%)
      - $ 468.00
    • RealT Platform (2.00%)
      - $ 117.00
    • Maintenance Expenses
      - $ 60.00
    • Property Taxes
      - $ 678.67
    • Insurance
      - $ 185.00
    • Utilities
      - $ 520.00
  • Net Rent / month

    $ 3,821.33
  • Net Rent / year

    $ 45,855.96
  • Total Investment

    $ 402,210.00
    • Underlying Asset Price
      $ 350,000.00
    • Sourcing Fee (10%)
      $ 40,222.22
    • Initial Maintenance Reserve
      $ 12,000.00
    • Unrounded Listing Price
      $ 402,222.22
    • Rounding Difference
      - $ 12.22
  • Expected Income

    11.40%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    9,040
  • Parking

    Street Parking
  • Interior Size (sqft)

    5,996

Test Renovation content!

Offering Details

  • Offering Date

    June 1, 2021
  • Issuer

    RealToken LLC - Series #116 - 738-742 E 87th
  • Min. Investment Amount

    $49.05
  • Max. Investment Amount

    $402,210.00
  • Amount Raised

    $402,210.00
  • 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.

Map

Property Records

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