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8017-8019 S Paulina St, Chicago, IL 60620

View Smart Contracts: Eth Gnosis

Total Investment: $ 486,875.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    8.89%

    Not including capital appreciation

  • Income per Token

    $ 4.55 / year

  • Income Start Date

    November 29, 2021

  • Token Price

    $ 51.25

  • Total Tokens

    9,500

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

    8017-8019 S Paulina St, Chicago, IL 60620

  • Country

    USA

  • Source

    RealT

  • Neighborhood

    Auburn Gresham

  • Construction Year

    1926

  • Total Units

    6 Units

  • Bedroom/Bath

    6x2 Bed / 6x1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 81,000.00

  • Gross Rent / month

    $ 6,750.00

  • Monthly Costs

    - $ 3,145.00
    • Property Management (8.00%)
      - $ 540.00
    • RealT Platform (2.00%)
      - $ 135.00
    • Maintenance Expenses
      - $ 1,800.00
    • Property Taxes
      - $ 275.00
    • Insurance
      - $ 195.00
    • Utilities
      - $ 200.00

  • Net Rent / month

    $ 3,605.00

  • Net Rent / year

    $ 43,260.00

  • Total Investment

    $ 486,875.00
    • Underlying Asset Price
      $ 425,000.00
    • Sourcing Fee (10%)
      $ 48,688.89
    • Initial Maintenance Reserve
      $ 13,200.00
    • Unrounded Listing Price
      $ 486,888.89
    • Rounding Difference
      - $ 13.89

  • Expected Income

    8.89%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    7,500

  • Exterior Walls

    Brick

  • Parking

    6 Indoor garage spaces

  • Interior Size (sqft)

    5,400

  • Heating

    Gas Heat

  • Cooling

    None

Test Renovation content!

Offering Details

  • Offering Date

    November 11, 2021

  • Issuer

    RealToken LLC - Series #169 - 8017-8019 S Paulina

  • Min. Investment Amount

    $51.25

  • Max. Investment Amount

    $486,875.00

  • Amount Raised

    $486,875.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

8017 S Paulina St, Chicago, IL 60620

Located just outside of Chicago, 8017 S Paulina is a picture-perfect multi-family building boasting six large apartments with 2 beds, 1 bath, and a grand dining room in each unit! The rooms echo the distinct exterior design of the building: details like crown molding, arched doorways, and oversized windows add to the charm of the living spaces. Flooring is a combination of hardwood and tile.

S Paulina St. is located in a residential neighborhood lined with sidewalks, lush tree canopies and historic brick architecture within walking distance to schools, family entertainment and a nature preserve. Part of the broader Auburn Gresham neighborhood, this area of Chicago is one of 10 priority communities selected as a part of the city’s “INVEST South/West” improvement strategy. The goal of this initiative is to reactivate neighborhood cores that have historically served as focal points for pedestrian activity, shopping, services, transportation, public spaces and quality-of-life amenities for local residents. A key part of this initiative is to ask local shop owners, residents and public agencies to partake in regular roundtable discussions to ensure neighborhood voices are heard and integrated into the community’s priorities.

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