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8003 S Ingleside Ave, Chicago, IL 60619

View Smart Contracts: Eth xDai

Total Investment: $ 1,012,800.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    7.80%

    Not including capital appreciation

  • Rent per Token

    $ 3.95 / year

  • Rent Start Date

    October 24, 2022

  • Token Price

    $ 50.64

  • Total Tokens

    20,000

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

    8003 S Ingleside Ave, Chicago, IL 60619

  • Neighborhood

    Far Southeast Side

  • Construction Year

    1926

  • Stories

    3 Stories

  • Total Units

    18 Units

  • Bedroom/Bath

    7 x Studios ; 10x1, 1x2 Beds / 18x1 Baths

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 135,000.00

  • Gross Rent / month

    $ 11,250.00

  • Monthly Costs

    - $ 4,664.00
    • Property Management (8.00%)
      - $ 900.00
    • RealT Platform (2.00%)
      - $ 225.00
    • Maintenance Expenses
      - $ 1,034.83
    • Property Taxes
      - $ 1,125.00
    • Insurance
      - $ 550.00
    • Utilities
      - $ 829.17

  • Net Rent / month

    $ 6,586.00

  • Net Rent / year

    $ 79,032.00

  • Total Investment

    $ 1,012,800.00
    • Underlying Asset Price
      $ 877,500.00
    • Operating Expense Reimbursement (10%)
      $ 101,277.78
    • Initial Maintenance Reserve
      $ 22,500.00
    • Initial Renovation Reserve
      $ 10,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 1,012,777.78
    • Rounding Difference
      $ 22.22

  • Expected Income

    7.80%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    7,688

  • Foundation

    Brick Foundation

  • Exterior Walls

    Brick

  • Roof Type

    Flat Torchdown

  • Parking

    Street Parking

  • Interior Size (sqft)

    16,608

  • Heating

    Individual Hot Water Tanks

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Renovated

  • Property Manager

    WPD Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-8003-S-INGLESIDE-AVE-CHICAGO-IL

  • Total Tokens

    20000

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    September 22, 2022

  • Issuer

    RealToken International 8003 S Ingleside Ave Inc

  • Min. Investment Amount

    $50.64

  • Max. Investment Amount

    $1,012,800.00

  • Amount Raised

    $1,012,800.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

8003 S Ingleside

We are pleased to offer this new multi-family near our other recent Chicago offering of 618 E 79th. Built in 1926, this new property contains 18 fully-rented units to mitigate the risk of vacancy, and its location helps you diversify your portfolio outside our Detroit holdings.

The last owner purchased this property for $400,000 at the beginning of 2021. He invested $320,000 to renovate it and meet the expectations of our targeted tenants. He renovated all the windows, the foundation, the roof, and the electrical system; replaced the boilers; installed a water heater per unit; and installed a surveillance camera system.

The previous owner stabilized the property with a solid yield of 7.8%. We are planning to increase this expected income gradually with each tenant rotation.

Map

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