Cap rate is 5.7% including taxes and expenses. Prime Bucktown location on Hoyne near Webster. Zoning is RT-4. Lot size is 25 x 126. All 4 units are currently rented and occupied. Arm chair investment or live in and subsidize your mortgage while enjoying appreciation in an appreciating market. Gross rental income $73,200. Expenses : Trash = $5781, Water = $1200, insurance = $3568. Gross expenses= $10,549. NOI =$62,651. Cap Rate is NOI divided by Purchase price $62,651/$849,000 = cap rate of 7.3%. Including property tax of $13,642, cap rate is 5.7%. The 3 bedroom unit is a duplex up with central heat, central air, laundry in the unit & a dishwasher. The other three units are all 1 bed 1 bath with central heat only. Never vacant, easy to rent units in a great location!
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Listing information last updated on August 15th, 2018 at 5:35am CDT.