🏘 🎯 Turnkey Triplex | Large Spread | Chicago IL 🔑✨

Description

Address: 6738 S Wood St # 1 Chicago IL 60636

This 6-bedroom / 3-bathroom Triplex makes sense for any rental investor! A large equity spread in the deal.

Deal Takeaways:

Fully rented and cash flowing!

Roof 7 years old

Recently remodeled 2 of 3 of the apartments. Last one really just needs new carpet

Second Floor: $1000 3 bdrm

First Floor: $850 2bdrm

Basement garden apt: $500 1 bdrm (discounted as he does maintenance for the building)

Financials:

ARV/Market Value: $330,000

Purchase Price: $189,300

Estimated Profit Details (Flipper/MLS Sale):

ARV: $330,000

(*) 94% for sale commissions

(-) $189,300 purchase price

(-) $5,000 esti. closing / holding cost

(=) $115,900 profit

ACTUAL Rental Profit Details:

Rental Income: $2,350

(-) $184 monthly tax

(-) $110 monthly insurance

(-) $235 property management (estimated recommnedation)

(-) $235 recommended allocation for repairs, vacancy, etc (estimated recommnedation)

(=) $1,586 a month

Property Details:

1,872 Home Square Feet

3,125 Square Feet Lot Size

Occupied at close