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(S) 1418 W Marquette Rd, Chicago, IL 60636

View Smart Contracts: Eth xDai

Total Investment: $ 1,264,036.00

Non-US Total: $ 1,213,172.40

US-Only Total: $ 50,863.60

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    8.56%

    Not including capital appreciation

  • Rent per Token

    $ 4.31 / year

  • Rent Start Date

    October 1, 2022

  • Token Price

    $ 50.36

  • Total Tokens

    25,100

  • Non-US Tokens

    24090

  • US-Only Tokens

    1010

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

    1418 W Marquette Rd, Chicago, IL, 60636

  • Neighborhood

    West Englewood

  • Construction Year

    1929

  • Stories

    4 Stories

  • Total Units

    22 Units

  • Bedroom/Bath

    10x1 ; 12x2 Bed / 22x1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

  • Rent Subsidy?

    No

Property Financials

  • Gross Rent / year

    $ 207,900.00

  • Gross Rent / month

    $ 17,325.00

  • Monthly Costs

    - $ 8,310.00
    • Property Management (8.00%)
      - $ 1,386.00
    • RealT Platform (2.00%)
      - $ 346.50
    • Maintenance Expenses
      - $ 1,992.50
    • Property Taxes
      - $ 1,200.00
    • Insurance
      - $ 850.00
    • Utilities
      - $ 2,535.00

  • Net Rent / month

    $ 9,015.00

  • Net Rent / year

    $ 108,180.00

  • Total Investment

    $ 1,264,036.00
    • Underlying Asset Price
      $ 1,072,000.00
    • Operating Expense Reimbursement (10%)
      $ 126,405.56
    • Initial Maintenance Reserve
      $ 34,650.00
    • Initial Renovation Reserve
      $ 30,000.00
    • Administrative Fees
      $ 1,000.00
    • Unrounded Listing Price
      $ 1,264,055.56
    • Rounding Difference
      - $ 19.56

  • Non-US Portion

    $ 1,213,172.40

  • US-Only Portion

    $ 50,863.60

  • Expected Income

    8.56%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    10,250

  • Foundation

    Basement

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Parking

    Street Parking

  • Interior Size (sqft)

    30,320

  • Heating

    Forced Air / Gas

  • Cooling

    None

  • Building Class

    C

  • Renovated

    Renovated in 2018

  • Property Manager

    WPD Management LLC

Blockchain

  • Identifier

    REALTOKEN-S-1418-W-MARQUETTE-RD-CHICAGO-IL

  • Non-US Tokens

    24090

Gnosis Chain

Ethereum

Test Renovation content!

Offering Details

  • Offering Date

    September 1, 2022

  • Issuer

    RealToken 1418 W Marquette Rd, Inc.

  • Min. Investment Amount

    $50.36

  • Max. Investment Amount

    $1,213,172.40

  • Amount Raised

    $1,213,172.40

  • Offering Percent (of Total Tokens)

    95.98%

About the Property

1418 W Marquette

Coming just two weeks after the sale of 618 E 79th St, we are pleased to offer you a new building in Chicago! Built in 1929, this new property contains 22 fully-rented units to mitigate the risk of vacancy, and its location helps you diversify your portfolio outside our Detroit holdings.

Marquette enjoys a very livable location next to well-maintained properties, a church, and Ogden Park, a large space that includes a pool, playgrounds, baseball fields, and basketball courts. The neighborhood is residential without being suburban, and amenities are close by.

A part of the building was renovated in 2018, but some of the units rented during that period have not yet been refreshed due to tenancy. In addition, part of the roof needs to be replaced, and we plan to pour new concrete at the back of the building. Overall we have budgeted $30,000 in renovations, which should create a solid 8.56% expected income.

Map

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