7327 W Olive Ave
Chicago, IL 60631
List Price
$559,000
Initial Investment
$152,328Purchase Price
$559,000
Down Payment
25%
Rent
$2,720
Total Return
-$2,995
Annualized Return
-0.3%
Cap Rate
3.0%
Gross Yield
5.8%
Cash Flow
-$15,002
Appreciation
2.5%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,601
HOA
None
Flood Risk
Not Required
WELCOME TO THIS CORNER BRICK RANCH IN THE DESIRABLE NEIGHBORHOOD OF NORWOOD PARK 5 BEDROOM/2.5 BATHROOMS 2 CAR BRICK GARAGE WITH LOTS OF STORAGE AND AN ENCLOSED BACKYARD. OPEN CONCEPT EAT-IN KITCHEN WITH GLOSSY 42IN CABINETS AND QUARTZ COUNTERTOPS, HARDWOOD FLOORS, AND DESIGNER-STYLE BATHROOMS. THE BASEMENT OFFERS 2 MORE ROOMS AND HAS A WET BAR, LAUNDRY ROOM, AND A STORAGE ROOM CLOSE TO HARLEM BLUE LINE AND MANY AMENITIES. THE HOME OFFERS A NEW ROOF, WATER HEATER, FURNACE/AC, AND STAINLESS STEEL APPLIANCES WILL BE DELIVERED. THE SELLER IS OFFERING A 5-YEAR HOME WARRANTY SO YOU WON'T HAVE TO WORRY ABOUT ANYTHING!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$31,008Expenses
-$5,519Property Taxes
-$10,100Loan Payments
-$30,390Net Cash Flow
-$15,002See 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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Certified Agent Brokerage:Christopher Stjernholm
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AZ Brokerage License BR689329000
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12215609
Last Updated: 11/22/2024 18:11
MLS #12215609
Last Updated: 11/22/2024 18:11