Property Details

TITLE:
Turn key Multifamily 14 Units >8% cap Humboldt Park
CONTROL:
Buyers Broker
VALUE:
$1,500,000
LOAN:
$1,172,250
EQUITY:
$327,750
TYPE:
Multi-Family
HAVE:
Recently stabilized turnkey multifamily 14 units just west of Chicago loop with all units renovated, mechanicals and roof updated close to public transportation.
ADDRESS:
3752 W Huron St, Chicago, Illinois
BENEFITS TO NEW OWNER:
Turn Key All units renovated Value add by increasing rents via short term rentals
Images: [1] [2]
GROSS SCHEDULED INCOME:
$204,000 Projected
VACANCY LOSS:
$7,000
GROSS EFFECTIVE INCOME:
$197,000
EXPENSES:
$62,500
NOI:
$134,500
DEBT SERVICE:
$77,000
CASH FLOW:
$57,500
CAP RATE:
8.97%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,172,250
$6,445
5%
02/01/2027
No
BENEFITS SOUGHT:
Path to cash Seek new projects
CAN ADD:
Up to 9 properties in portfolio
REMARKS:
Just recently stabilized. Make offer, will consider exchange for both turn key or value add especially MF projects throughout the US.
COUNSELOR:
Theresa Mueller
Trelleum Real Estate
132 N Washington
Naperville, Illinois, 60540
Cell: 630-715-9999