6321 N Merrimac Ave
Chicago, IL 60646
List Price
$570,000
Initial Investment
$155,325Purchase Price
$570,000
Down Payment
25%
Rent
$2,680
Total Return
-$19,153
Annualized Return
-2.1%
Cap Rate
2.8%
Gross Yield
5.6%
Cash Flow
-$16,174
Appreciation
2.1%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
3,750
HOA
None
Flood Risk
Not Required
Rarely available 5 Bedroom, 3 Bath brick home in Norwood Park. First floor features a beautifully updated eat in kitchen with new appliances, separate formal dining room, two large bedrooms, new designer full bath & oversized family room with gas fireplace overlooking lush green yard. Second floor includes three bedrooms and rehabbed full bath. Finished basement with summer kitchen, full bath, laundry & access to yard. New roof in 2022, newer Marvin windows on first floor, new boiler and hot water tank, refinished hardwood floors, professionally painted, designer fixtures. Solar panels. Gorgeous green yard with new concrete patio & one car garage. Walking distance to Indian Road Park, forest preserve & Edgebrook Golf Course. Quick access to shopping, restaurants, retail & transportation!
See more in Analysis
Jake Fugman
eXp Realty - Jake Fugman - Axon Group
Annual Financial Highlights
Expected Rent
$30,552Expenses
-$5,438Property Taxes
-$10,300Loan Payments
-$30,988Net Cash Flow
-$16,174See 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:John Vodopic
Agent License 475143516
Coldwell Banker Realty
Agent License 475143516
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Certified Agent Brokerage:Jake Fugman
eXp Realty - Jake Fugman - Axon Group
eXp Realty - Jake Fugman - Axon Group
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12340252
Last Updated: 04/22/2025 05:04
MLS #12340252
Last Updated: 04/22/2025 05:04