548 E 103rd Pl

Chicago, IL 60628
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3 bd, 1 ba | 1,221 sqft | Built in 1939

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For Sale

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List Price
$197,000

$20K

Initial Investment

$53,683
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$197,000

Down Payment

25%

Rent

$1,617

Total Return

$64,546

Annualized Return

16.9%

Cap Rate

5.4%

Gross Yield

9.8%

Cash Flow

-$788

Appreciation

6.2%
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Features

Occupancy

Occupied

Lease Start

04/16/2020

Lease End

01/31/2024

Lot Size

3,780

HOA

None

Flood Risk

Not Required

  • Lease renewed through 1/31/2024
  • Section 8
  • Close proximity to parks and Lake Michigan beaches

See more in Analysis

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Annual Financial Highlights

Expected Rent

$18,434

Expenses

-$4,412

Property Taxes

-$4,100

Loan Payments

-$10,710

Net Cash Flow

-$788

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

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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