18 Unit Multifamily, USA, Chicago IL, RealT
Property Type : Multifamily
Price per Token : $50.64
Return Cash (exp) ? : 8.41%
Minimum Investment : 1 Token
Total Property Size : 18 Units
Total Property Value ? : $1,012,800.00
Total Number of Tokens : 20,000

 

We are pleased to offer this new multi-family near our other recent Chicago offering of 618 E 79th. Built in 1926, this new property contains 18 fully-rented units to mitigate the risk of vacancy, and its location helps you diversify your portfolio outside our Detroit holdings.

The last owner purchased this property for $400,000 at the beginning of 2021. He invested $320,000 to renovate it and meet the expectations of our targeted tenants. He renovated all the windows, the foundation, the roof, and the electrical system; replaced the boilers; installed a water heater per unit; and installed a surveillance camera system.

The previous owner stabilized the property with a solid yield of 7.8%. We are planning to increase this expected income gradually with each tenant rotation.

 

 

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