1202 Washington St

Chicago Heights, IL 60411
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5 bd, 2 ba | 1,702 sqft | Built in 1919

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List Price
$209,500

Initial Investment

$57,089

Purchase Price

$209,500

Down Payment

25%

Rent

$2,460

Total Return

$62,669

Annualized Return

16.5%

Cap Rate

6.5%

Gross Yield

14.1%

Cash Flow

$1,131

Appreciation

4.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,750

HOA

None

Flood Risk

Not Required

Don't miss this completely rehabbed Chicago Heights 2 Story home over 1,700 sq ft. Home has been redone from top to bottom, inside and out and ready for you. Updates on the outside include new siding, roof and gutters; new concrete walkway; new sod; new wood deck and fully fenced yard with a concrete pad perfect for 2 cars. Step inside and check out this 5 bedroom and 2 bath home with new grey laminate floor thru out first floor; beautiful new light fixtures; kitchen is sparkling brand new from top to bottom from new wood cabinets, countertops and all new stainless steel appliances; both full baths have gorgeous ceramic floors and walls plus new vanities, tubs and toilets. Plus home has a finished basement with freshly painted speckled basement floor and drywalled with hookup for washer and dryer. Mechanics all have been updated.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$28,044

Expenses

-$7,374

Property Taxes

-$8,150

Loan Payments

-$11,390

Net Cash Flow

$1,131

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:William Biros
Berkshire Hathaway HomeServices Chicago
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12016901
Last Updated: 04/07/2024 13:04
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