Bay Area based investor owns duplexes/triplexes in Chicago, and is selling a couple of them. This property is in a good neighborhood, has an excellent property management company managing it, and is a duplex. Each unit is 3 Bed 1 bath. Both units are currently rented. After financing, the projected returns are around 21% cash-on-cash returns, not counting either principal pay down or appreciation.

Owner is selling because he is buying a very large apartment complex and needs cash to invest in that deal.

About the property

Hardwood floors for low maintenance. Large living room (see pictures).
Property has had an inspection, and recent repairs made, to prepare for sale.
Property has demand for it. When the property had a vacant unit, a free posting resulted in 24 leads in 10 days. Seller can verify the leads for buyer.
The property management company is superb. They are ethical, responsive and pro-active. Really a model property management firm. Their fees are very reasonable at 6% of gross revenues, they do not charge for empty units.
No current violations with the City. Owner can verify for seller.
Turnkey providers are selling duplexes in the same area for 175K. Ask Owner for comparables.


***The owner is also selling two other properties that he owns in Chicago. The property brochure and some other property info can be found in the links below:

1. 7844 S Greenwood Ave
a. Link to property brochure & other reports in Dropbox: https://www.dropbox.com/sh/gfxyv14wavtx8uc/AAAEX_0QVyAR0hXguhc5b0JMa?dl=0
2. 1523 E 74th Place
a. Link to property brochure & other reports in Dropbox: https://www.dropbox.com/sh/78zqksy09aorozz/AAB4ft_sKlfaP6NEhZpq_b1qa?dl=0
3. 253 W 43rd St
a. Link to property brochure & other reports in Dropbox: https://www.dropbox.com/sh/7r05wzdp3jrqce2/AAD2h8DC13gOP6Ipn8AC27Dra?dl=0

Interior Features

  • Square Feet: 850
  • Bedrooms: 3
  • Bathrooms: 1
  • Additional Rooms: 1
    • MasterBath
  • Floor Coverings
    • Hardwood
  • Appliances
    • Dishwasher

Exterior Features

  • Structure Type: Other
  • Lot Size: 0 Acres
  • Exterior Keywords:
    • Fenced Yard
    • Porch

Explore: Grand Crossing

Neighborhood Quick Facts

  • Median Sale Price
    n/a
  • Commute via Transit:
    32.22%
  • Family Friendly Score
    n/a
  • Fun & Hip Score
    n/a

Area Schools

Avalon Park Elementary School
Grades PK-8
2/10
GreatSchools Rating
Hirsch Metropolitan High School
Grades 9-12
1/10
GreatSchools Rating

Amenities

  • Transit
  • Restaurants
  • Grocery Stores
  • Bars & Nightlife
  • Parks
  • Healthcare
  • Sports & Recreation
  • Neighborhood information provided by Home Junction Inc. © 2019. Information deemed reliable but not guaranteed.
  • GreatSchools Ratings provided by GreatSchools.org
  • Disclaimer: “School attendance zone boundaries are supplied by Home Junction Inc. and are subject to change. Check with the school directly to verify enrollment eligibility.
  • All pictures, details or descriptions of any property, condition of title, value or otherwise is provided for informational purposes only and may not represent the true and current status of the property now or at the time of sale. Neither ForSaleByOwner.com, nor Seller’s Broker shall be liable for any allowance, adjustment or revision in value of any property based upon the failure of such property, its appliances, its fixtures or its floor plan to conform to any specific standard. ForSaleByOwner.com hereby disclaims any representations or warranties as it relates to all information found herein.
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