1820 W 18th
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
| Multi-Residential - Current Operating Returns | |
|---|---|
| Property Address | 1820 W 18TH |
| Price | 949,900 |
| Units | 12 |
| Description | |
| REDUCED !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! This investment consists of two buildings with a total of 12 units, 1 store-front, 4 two-bedroom units and 7 one-bedroom apartments. 9 Apartments are completely new, including new windows, electric, plumbing, kitchen, bath with marble tile, new hardwood floors etc. Two units still need work The store front is currently vacant and clean. All apartments have GFA units, hot water heaters and new breaker boxes. This property allows an investor the opportunity to acquire a very well maintained building in one of the most appreciating areas in Chicago. This investment provides an owner with the opportunity to convert to condominiums raise rents to attain a higher cash return. | |
| Summary - Operating Information | |
| Price | 949,900 |
| Down Payment | 25% $281,250 |
| Number of Units | 12 |
| Price Per Unit | $93,750 |
| Gross Rent Multiple | 10.84 |
| Capitalization Rate | 6.95% |
| Approximate Age | 1890 |
| Approximate Square Feet | n/a |
| Price Per SF | n/a |
| Approximate Net SF | 8,500 |
| Price Per Net SF | $132.35 |
| Total Expenses Per Unit | $1,706.00 |
| Annualized Operating Data | |
| Scheduled Gross Income | $102,600 |
| Vacancy | 5% $5,130 |
| Gross Operating Income | $97,470 |
| Expenses | |
| Real Estate Taxes | $4,222 |
| Insurance | $3,150 |
| Other Expenses | $13,100 |
| Total Expenses | 21.00% $20,472 |
| Net Operating Income | $76,998 |
| Loan Payments | $65,236 |
| Pre-Tax Cash Flow* | 4.59% $12,902 |
| Principle Reduction | $15,019 |
| Total Return Before Taxes | (9.93)% $27,922 |
| Financing | |
| Interest Rate | 6.00% |
| Type of Loan | fixed |
| Amortization | 25 |
| Term | 5 |
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.