Bob Case
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Presenting 724 East 50th Place, a six-unit multifamily asset in Bronzeville priced at $$216,667/unit which is below active comps and in line with recent trades. The building is comprised of two 4BD/3BA duplex units and four 3BD/2BA units, plus 5 exterior parking spaces, and received a comprehensive 2005 renovation covering the roof, masonry, windows, plumbing, electrical, and HVAC. Year 1 NOI is $92,029 (7.08 cap) which includes an $8k increase in property taxes, growing to $115,957 (8.92 cap) pro-forma by leasing the one vacant unit and pushing rents to market. Located minutes from the University of Chicago and UChicago Medicine, the South Side's largest private employer, in a submarket where median household income has grown my more than half since 2011. Offering Memorandum available upon request.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 10,118
County: Cook
Listed By:
@properties Commercial
312-337-0200
MRED MLS
MLS ID: 12752591
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724 E 50th Place, Chicago, IL 60615.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,300,000 | $1,300,000 | $1,300,000 |
| Down Payment | $45,500 | $0 | $260,000 |
| Monthly Mortgage Amount | $7,963 | $8,394 | $6,574 |
| Taxes | $1809 | $1809 | $1809 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $780 | $0 | $0 |
| Monthly Estimated Total | $10,931 | $10,582 | $8,762 |
Bob Case
REALTOR®
Cell: (563) 340-7514
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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