New Opportunity to own an updated blond-brick 2-Flat in Chicago’s Auburn Gresham neighborhood. This is a great building for a new owner or investor! Don’t wait! * This property is spacious. The first floor unit features three (3) bedrooms, one (1) bathroom. The second floor unit also has three (3) bedrooms, one (1) bathroom. Both units have been updated in 2015. Renovations included new kitchen cabinets, counter tops, sinks, faucets, GFI’s & ceramic tile backsplash! New black appliances, bathrooms, (Vanities, Lights, Faucets, Mirrors, Fixtures) light fixtures & ceiling fans! Refinished floors, new trim and paint were installed at time of rehab! Rehab also included exterior and interior doors with new handles! Mechanicals, tuck-pointing repairs & so much more! The property is located within walking distance of the CTA at 80th & Ashland, Aldi & Walgreens. Schedule your showing today, this is a great building to own!
| Estimated Proforma Income/Expense | Pct | Monthly | Annual |
|---|---|---|---|
| Gross Potential Rent (estimated) | — | 2,300 | 27,600 |
| Total Income (estimated) | — | 2,300 | 27,600 |
| — Expenses — | — | — | — |
| Property Taxes – Tax Yr: 2018 | — | -230 | -2,760 |
| Insurance (estimated) | — | -208 | -2,500 |
| Property Management Fees (Pct of Gross Rent) | 8.00% | -184 | -2,208 |
| Allowance for Maintenance/Turnover/Vacancy (estimated Pct of Gross Rent) | 15.00% | -345 | -4,140 |
| Water/Sewer (estimated) | — | -90 | -1,080 |
| Trash Collection (estimated) | — | -21 | -252 |
| Common Area Utilities (estimated) | — | -20 | -240 |
| Common Area Maintenance (estimated) | — | -80 | -960 |
| Total Expenses (estimated) | — | -1,178 | -14,140 |
| —— | — | — | — |
| Net Operating Income (estimated) | — | 1,122 | 13,460 |