15 Unit Multifamily, USA, Chicago, IL, RealT
Property Type : Multifamily
Price per Token : $51.03
Return Cash (exp) ? : 4.73%
Minimum Investment : 1 Token
Total Property Size : 15 Units
Total Property Value ? : $944,055.00
Total Number of Tokens : 18,500

 

This brick masterpiece is classic Chicago: understated but elegant, with accents that never go out of style. Built in 1924, its high-quality construction would be vastly more expensive today. W 64th also enjoys a very livable location next to well-maintained properties, a church, and Ogden Park, a large space that includes a pool, playgrounds, baseball fields, and basketball courts. The neighborhood is residential without being suburban, and amenities are close by.

We have budgeted $15,000 for some basic renovations that should improve quality of life and rental value; in addition, the electricity for each unit is now individually metered, so as leases are renewed, property owners will no longer pay for tenants’ electricity use. Put together, these changes should contribute to a significant increase in rental income over the course of 2022 – we are targeting a new income of approximately 10.30%.

 

 

Disclaimer: Information Sourced from External Platforms

The information provided on this page is sourced from the respective Real Estate Token platforms homepage. We make every effort to ensure the accuracy and reliability of the information presented, but we cannot guarantee its completeness or timeliness. This website contains data, images, and descriptions that are subject to copyright and intellectual property rights of third parties. We do not claim ownership of the information displayed and acknowledge the rightful ownership of the respective content by the original sources. If you are a rights holder and believe that your content has been used inappropriately, please contact us immediately for resolution. We are committed to addressing any concerns and ensuring compliance with copyright laws. Please note that the availability, prices, and details of properties may change, and it is advisable to verify the information independently before making any decisions based on the content provided on this platform.

Features
Related Listings