11526 S Wallace St

Chicago, IL 60628
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3 bd, 1 ba | 1,142 sqft | Built in 1922

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List Price
$119,000

Initial Investment

$30,553

Purchase Price

$109,000

Down Payment

25%

Rent

$1,350

Total Return

$52,083

Annualized Return

24.7%

Cap Rate

8.7%

Gross Yield

14.9%

Cash Flow

$2,808

Appreciation

6.2%
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Features

Occupancy

Occupied

Lease Start

11/29/2019

Lease End

11/30/2020

Lot Size

4,557

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Seller recently completed some repairs
  • Water bill is about $50-$75 every quarter
  • Close to schools, shopping, and dining

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Annual Financial Highlights

Expected Rent

$15,390

Expenses

-$4,357

Property Taxes

-$2,300

Loan Payments

-$5,926

Net Cash Flow

$2,808

See more in Financials

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