$434,000 • living size area 2194 sqft

Attention investors: four fully occupied duplexes for sale. each duplex contains two identical 3 bedroom/1 bathroom, 1105 sf units (1 floor). three of the duplexes are on 1 lot and the 4th duplex is 203 ft away on the same street. there is off-street parking for each duplex. please do not disturb tenants. addresses: 3601 n 55th st 3603 n 55th st 3605 n 55th st 3420 n 55th st year built: 1984 (all 4 buildings) all 8 units have been updated all 8 units contain: stove/refrigerator, washer/dryer hookups, central air/heat all 8 units on yearly leases all 8 units are section 8 approved ($800 month) unit # | rent amt | roof replaced 3601a -- $750.00 --- 2011 3601b -- $700.00 --- 2011 3603a -- $800.00 --- 2012 3603b -- $750.00 --- 2012 3605a -- $750.00 --- 2012 3605b -- $750.00 --- 2012 3420a -- $800.00 --- 2012 3420b -- $800.00 --- 2012 monthly numbers: rents: $6,100.00 taxes: $366.00 insurance: $266.66 property management: 10% ($610.00) lawn: $100 water/trash: $600.00 (this could be eliminated by adding 4 meters and would increase cap by 1.5% and roi by 7.5%) monthly cash flow $4,167.34 annual numbers: rents: $73,200 expenses: $23,192 (includes taxes, insurances, water and property management) net: $50,008 cap rate: 11.11% (this could be increased by 1.5% by adding 4 water meters)

Multi Family - GRANT PARK

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