Sold for $280,000 on 11/08/21
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 3 |
— |
1906 |
— |
0 |
$2,423 |
1465 days |
These numbers make sense on this multi-unit! You can utilize FHA financing with a 3.5% down payment and practically live for free while you continue renting the other unit or you can buy it as an investment property and start making money on day one. The first floor unit features two (2) bedrooms and it can be easily rented for $1,500 per month. Your loan officer can use the existing lease as additional income on your loan application as long as the appraiser confirms it on his or her rental schedule, which makes qualifying for this purchase even easier for you! Then live on the second floor, one (1) bedroom unit or rent it for $1,000 per month. As a full rental, your monthly cash flow is $2,500 per month or $30,000 per year. Please keep in mind that you cannot put a garage on this property but there is ample street parking. This is a great investment! Very low taxes! This is also an as-is, where-is sale. A must see.
Listing courtesy of Peter Drossos Real Estate
5723 W Windsor Ave. is a multi-unit home built in 1906, and is located in Chicago, IL, in the Portage Park neighborhood. It has 3 bedrooms and — bathrooms, and has annual property taxes of $2,423.
Marco Amidei
(888) 32-Marco (847) 630-4886
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