1033 S Claremont Ave

Chicago, IL 60612
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3 bd, 1 ba | 1,626 sqft | Built in 1878

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List Price
$315,000

Initial Investment

$85,838

Purchase Price

$315,000

Down Payment

25%

Rent

$1,490

Total Return

-$20,391

Annualized Return

-4.1%

Cap Rate

2.2%

Gross Yield

5.7%

Cash Flow

-$10,863

Appreciation

2.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

This 3-bedroom, 1-bathroom home, offering over 1,800 square feet of space, is a rare gem located in the desirable Little Italy/Tri-Taylor area. Now available as a Bankruptcy sale, it presents a unique opportunity for investors and savvy buyers. Nestled on a quiet, tree-lined street, this property holds incredible potential, making it ideal for a full renovation or redevelopment project. With classic Chicago architecture, spacious rooms, high ceilings, and abundant natural light, the home is a blank canvas ready for modern upgrades and reconfigurations. The location is unbeatable-close to the Illinois Medical District, UIC, and major expressways, making it perfect for professionals and students. The vibrant neighborhood offers local parks, cafes, and popular restaurants within walking distance, plus easy access to public transportation for quick commutes downtown. This property offers an exceptional chance to maximize returns in a prime area. Whether you're looking to fix and flip or create your dream home, 1033 S Claremont Ave is a rare find with significant growth prospects. Act quickly-properties like this don't stay on the market for long! Contact us today to learn more or to schedule a private showing. Sold AS-IS,

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$16,986

Expenses

-$3,024

Property Taxes

-$7,700

Loan Payments

-$17,125

Net Cash Flow

-$10,863

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Christopher Anthony
Agent License 475151235
Keller Williams ONEChicago
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12209948
Last Updated: 11/18/2024 14:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.