2239 W Fullerton Ave., Chicago, IL 60647

2239 W Fullerton Ave., Chicago, IL 60647
Photo 1 of 1
$568,500
Sold on 2/25/21
Beds Baths Sq. Ft. Taxes Built
5 3.00 0 $9,774.35 1902
On the market: 59 days
View full details, 15 photos, school info, and price history
Do the math... 23% ROI (continue reading to the end for additional financial analysis). Ideal property for live-in owner or investor to get a great deal for a renovated turnkey building featuring a large duplex down (3) bedroom (2) bathroom unit and a (2) bedroom unit on the second floor. The large duplex down is currently available for a live-in owner. Don't miss this opportunity to acquire a prime income-producing property at historically low-interest rates in a rapidly appreciating area. Both units are condo quality offering: in-unit laundry, modern kitchens, luxurious bathrooms with radiant floor heat, hardwood floors, and outdoor space. The tranquil landscaped backyard offers mature trees, a patio, and low maintenance slate hardscaping. The property also includes a two-car garage. Instant highway access, while still allowing an easy walk to Bucktown's best shopping, restaurants, and public transportation. Income of $4,350/month with expenses of only $2,934/ month (expenses assumptions: 20% down payment, 3% interest rate, 30-year term, Taxes $9,774 & insurance $2,000 annually). 23% ROI analysis... Annual cash flow $16,992 + year one principal paydown of $9,670 = year one total return of $26,662... 23% ROI on 20% down payment ($115,800).
Listing courtesy of Steven Rapoport, Chicago Real Estate Resources