7525 S Kingston, Chicago, IL Pending

$395,000 60 bd, 24 ba

Pending

 

7525 S Kingston, Chicago, IL

Check out this 24 Unit Building in South Shore area of Chicago for only $395,000. Potential to earn over $170,000 per year and 22 percent return. 12 units are 2 beds 1 bath. Other 12 units are 3 beds 1 bath. You can rent 2 beds for $800 per month and 3 beds for 1000 per month. Needs gut rehab.  Entire property is vacant. There are comparables that sold in the area for $1,300,000.


Click Here for Pictures


Buy and Hold:

  • Purchase price $395,000
  • Rehab $300,000
  • Operating expenses $45,540
  • Vacancies/maintenance $38,800
  • Rental income $21600 per month $259,200 per year
  • Net cash $174,860 per year!
  • Cash on cash return of 23  percent!
  • Taxes: $22,517

Click Here for Income and Expense Report


Sold Comparables in South Shore area of Chicago  IL sold in last 12 months within  1 mile away. 
Click on comparable for more details of each on
Estimated After Repair value $1,300,000

Due to the influx of new buyers coming into the market our properties have been going FAST. So act Fast if you’re interested in any of our properties. This one will go Fast!

The first one with a signed contract and earnest money gets the deal.

  • Buyer pays ALL closing cost
  • Buyer will receive taxes prorated to 100 percent and free and clear title
  • Realtors add whatever fee you want
  • Proof of funds required for viewing
  • Please do your own due diligence.

We Pay Referrals Fees! So, if you know someone that would be interested in this deal please forward this email to them.

Do you need money? We have lenders ready to lend. Call us for more details.

 

Property Details

Price:
$395,000
Address:
7525 S. Kingston
City:
Chicago
State:
IL
Zip Code:
60649
Year Built:
1924
Terms:
For Sale
Property Type:
Commercial
Bedrooms:
60
Bathrooms:
24
Lot Size:
15,004
Const. Type:
Brick

Call (312) 757-8232 for more details

Property Location

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on buying investment properties with us. Like us, follow us, connect!