20403 Kedzie Ave

Olympia Fields, IL 60461
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3 bd, 2 ba | 1,827 sqft | Built in 1931

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List Price
$289,000

Initial Investment

$78,753

Purchase Price

$289,000

Down Payment

25%

Rent

$2,580

Total Return

$28,680

Annualized Return

5.8%

Cap Rate

4.1%

Gross Yield

10.7%

Cash Flow

-$5,089

Appreciation

3.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

19,200

HOA

None

Flood Risk

Not Required

Charming home built in the 1930's available after 50 years! Upon entering the home, the foyer begins with a 1/2 bath that leads to the living room with an arched doorway with built in shelves on either side, a bench seat in the front window , exposed beams and a wood burning fireplace. Around the corner is the formal dining room, equally as charming which leads to kitchen. The kitchen was remodeled approx 15 years ago and has some cabinets with glass front doors adding to the era of the house. There is also a main floor family room with another wood burning fireplace and the walls are pecky cypress wood. The main level office also has the pecky cypress walls. There are 3 bedrooms upstairs and 1 full bath with a door accessing the roof of the garage. Furnace/AC 2007, Boiler 2008, H2O 2008. Close to METRA line, interstate access, shopping and restaurants.

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

Annual Financial Highlights

Expected Rent

$29,412

Expenses

-$5,739

Property Taxes

-$13,050

Loan Payments

-$15,712

Net Cash Flow

-$5,089

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:Susan Adduci
Agent License 475122324
Baird & Warner
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12339657
Last Updated: 04/22/2025 05:04
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