About Me

Mahonie Investment Group is a full service real estate firm that provides investment properties for buyer’s. Our services consist of buying and selling of distress properties. We also specialize in short-sales and lease option purchase. With our buying system we make it easy for seller’s to sale. We will provide our seller’s with a offer in 48 hour after receiving seller’s information. For our buyer’s there will be deep discounted properties for sale daily on this blog. Short-Sales and lease option purchases are areas that we take pride in. With our short-sale services we work hand and hand with potential clients lenders to come up with a win-win solution. Lease options, we work with problem credit individual to achieve the American dream of home ownership. Information regarding our short-sale services and lease option purchase please contact us at our office number 708-269-7263

Saturday, July 25, 2009

1419 S Komensky Ave Chicago, IL




1419 S Komensky Ave
Chicago, IL
2 Unit Brick
Asking: 86k
Arv: $170k
Deal!!!

5 Beds 2 baths with an attic that can be converted into a unit: possible 2 beds 1 bath. Repairs are minor 5k-10k cosmetics. 1st floor 2 beds 1 bath 2nd floor 3 beds 1bath.

Average Rents 800 first floor 850 2nd floor
$86,000 @ 30year, 6.25%= 526.80 (Not including taxes & Insu..)

1650-526.80= 1,123.20 monthly cash flow
Factor in Taxes & Insurance @ extra 200 = 923.20 positive cash flow
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