Multi Family: 8 Unit Units: 4/3BR, 4/2BR- 1 ba
Address: 6557 S Maplewood Ave, Chicago Illinois 60629
Yr Built: 1921 Lot Size: 7,405
Area: Chicago Lawn Parking: 2car garage/st pkng
Brick building on corner lot. 7 of 8 units require medium
rehab/ kitchen and bath upgrades, new painting, repair
drywall and some flooring work. Contractor and
property manager in place ready to start upon closing.
Purchase Price: $255,000
Rehab/Upgrades: $75,000 (Contractor sworn statement)
Total Inv: $330,000
Revenue: $91,000 (can be higher w Sect 8)
CAP RATE: 19.8%
The property is ready to close with Title ready.
Requires $5K EM ASAP (wiring instructions available)