7029 S Wabash Ave

Chicago, IL 60637
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3 bd, 2 ba | 2,000 sqft | Built in 1905

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List Price
$259,900

Initial Investment

$70,823

Purchase Price

$259,900

Down Payment

25%

Rent

$1,890

Total Return

$71,482

Annualized Return

14.8%

Cap Rate

5.3%

Gross Yield

8.7%

Cash Flow

-$1,119

Appreciation

5.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,975

HOA

None

Flood Risk

Not Required

Welcome to 7029 S Wabash, Chicago, IL! This charming brick cape cod home offers 3 spacious bedrooms and 2 modern bathrooms. Step inside to discover the inviting atmosphere of a recently updated kitchen, boasting a sleek and contemporary design that perfectly complements the brand new hardwood floors throughout the space. The bedrooms are generously sized, and the open floor plan creates a welcoming and airy ambiance. Enjoy the expansive backyard, perfect for outdoor gatherings and relaxation. A brand new garage with its own 60amp circuit not only provides convenience but also offers the potential for EV charging stations, catering to the demands of modern living. As you approach the front of the house, a stunning array of perennials greets you, bursting into colorful blooms including tulips and various flowers, enhancing the modern curb appeal. All appliances are brand new, and the recently installed furnace and water heater ensure year-round comfort, aligning seamlessly with the functional needs of a contemporary lifestyle. Don't miss the chance to make this beautifully updated property your new modern home, where style, convenience, and comfort converge harmoniously.

See more in Analysis
Jake Fugman
eXp Realty - Jake Fugman - Axon Group

Annual Financial Highlights

Expected Rent

$21,546

Expenses

-$3,835

Property Taxes

-$4,700

Loan Payments

-$14,130

Net Cash Flow

-$1,119

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:Ismail Mithaiwala
Heart My Home Chicago Inc
Certified Agent Brokerage:Jake Fugman
eXp Realty - Jake Fugman - Axon Group
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12012242
Last Updated: 03/24/2024 21:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.