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Cash Flowing Chicago Investment Property For Sale!
- 2759 174th Street, Hazel Crest, IL 60429 USA
- $190,000 Purchase Price - $1,708 Monthly Rent
- 7% Annual ROI with Cash Purchase*
Jump on this unique opportunity to acquire a spacious 1,740 square foot, 4 beds 1.5 baths ranch-style single family home on a large 8,000 square foot lot in the suburban community of Hazel Crest about 30 minutes South of downtown Chicago. A long term tenant has been living in the property for over 3 years and is paying $1,708 a month in GUARANTEED Section 8 rent. Close proximity to highway and light rail transportation, as well as many large employers, including Advocate South Suburban Hospital. In the Covid-era, demand for these types of spacious suburban homes is increasing substantially among both home buyers and renters.
Cash Flow Analysis
INCOME | |
Monthly Rent | $1,708 (Actual) |
EXPENSES | |
Taxes | $549 (Actual) |
Property Management | $125 (Actual) |
Insurance | $71 (Actual) |
Vacancy | $85 (Estimated at 5% of rent) |
Maintenance | $85 (Estimated at 5% of rent) |
Capital Expenditures | $85 (Estimated at 5% of rent) |
MONTHLY CASH FLOW: | $708 |
Location
Easy 30 minute drive on the Interstate to downtown Chicago; Bus station and Chicago Metra light rail station within 15 minute walk; 5 minute drive to largest employer in the area – Advocate South Suburban Hospital; 10 minute walk to Calumet Country Club.
Comparable Sales
17345 Emerson Ave, Hazel Crest 60429 | $200,000 (10/15/2019) |
17504 Butternut Rd, Hazel Crest 60429 | $178,500 (11/20/2019) |
2518 Spruce Rd, Homewood 60430 | $177,000 (3/17/2020) |
3011 Longfellow Ave, Hazel Crest 60429 | $174,700 (7/8/2020) |
7,980 Square Foot lot!
To reserve this property, please contact your Paraprin Capital representative, or send an email to info@paragonprincipal.com. A $5,000 non-refundable deposit is due upon signing of the purchase and sale agreement. Estimated closing costs above the purchase price are $1,750 but may vary depending on the circumstances. The financial analysis in this teaser assumes a cash purchase. Financing options up to 70% of the purchase price are available, regardless of the nationality of the buyer. Please inquire for more details.
*7% Annual ROI assumes annual appreciation of 3%, annual rent increase of 2%, and annual expenses increase of 2%