Asking is $55,000 + $35,000 (REPAIR COST)= $90,000 TOTAL INVESTMENT
Average rents: 2nd Floor: 900.00. 1st Floor: 850.00. Bmst: 750.00 to 800.00
Total rents monthly: $2,500.00
$90,000 @ 6.25% on a 30 year Mtge: $551.30/ include taxes and Insurance $751.30
$2,500.00 - 751.30 = $1,748.70 Positive cashflow
This property needs about 35k to finish the job, 5 beds and 2 bath 2unit on Chicago's westside. 3Beds 1bath on the 2nd floor, 2Beds 1 bath on the 1st and potential unit in the basement with 2 beds 1bath. Asking Price $55k and After repair value is between $250k-$300. Call Phil For Details 708-269-7263
