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5008 W Strong Street Chicago, IL 60630 Multi Unit - Multiple New

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  • 5008 W Strong Street, Chicago, IL 60630 Main Photo

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Description

Fantastic investment opportunity on a quite tree lined street of Jefferson Park. Legal 3 flat perfect for an investor or live in owner looking to invest in themselves. Get the best of both worlds with a wonderful mix of vintage charm and modern conveniences. Kitchens and baths have been remodeled a while ago but very nice. Two 2-bedroom 1 bath units plus a large 4 room one bedroom on top floor. Enclosed back porches and lots of extra storage. All units have separate furnaces. Located in a quiet little neighborhood of Jefferson Park near Beaubien School and perfectly situated with easy commuter access to I-90 off Lawrence or hop on the Blue Line or Metra train just a couple blocks away. Still, plenty of opportunity to expand... additional potential square footage in the full high basement. Brand new 2 car garage and a nice, fenced yard. Rents $1900. 1st floor, $1800. 2nd floor, $1550. 3rd floor and $250 for garage with a total of $5500. monthly or $66,000 yearly gross less expenses of $18522. equals a net income of $47128. A 7% return on a cash-on-cash investment. Property in good condition and being sold as is'. Any questions, offers or concerns contact Norbert Mika. See agent remarks.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 5
Bathrooms: 3
County: Cook
Listed By:
Compass 312-319-1168
MRED MLS
$659,900
Est. $4,318/mo
5beds
3baths
2cars
New to the Market New
BEDS5 BATHS3 full MLS#12676092
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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Ruhl&Ruhl Realtors
563.441.1776

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5008 W Strong Street, Chicago, IL 60630.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $659,900$659,900$659,900
Down Payment $131,980$23,097$164,975
Monthly Mortgage Amount $3,208$3,990$4,077
Taxes $918$918$918
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$290$0
Monthly Estimated Total $4,318$5,390$5,187

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