Description
Attention Investors. Current Tenant in Place , Leased until 9/30/2020.. Property CASH FLOWS $640 a Month, AFTER Mortgage, Taxes, & Insurance have been Paid , and that is at Full Asking Price, 25% down, (For Investors) 4.5% interest rate. Current rent is $1240 a month, on a 2 Bedroom Voucher, Only 2 People live here, No Pets. Rent can be as high $1700-1800 depending on CHA Voucher size. Just passed annual CHA Inspection. Long term tenant, here 9 years, just renewed lease until September of 2020 ! This is a corner home, on a 70ft wide lot, use to have 3 PIN numbers, can be converted back, and you can sell vacant parcel of land. In the last 10 years, New Heat & Air, Dual Zoned, New Tear off Roof, New Windows, New Siding, Bathroom added to Basement. Good possibility this can be turned into a in-law, or maybe into an additional apartment, as basement is walk out, has a bathroom, tall ceilings, and heated. Corner home with a huge fenced in yard, 5 Bedrooms, 2 car garage. Great location, 5 minutes to Lake Shore Drive, the 79th Street Metra Train Station, Walk to the Lake. Upcoming area, The stretch of Lake Shore Drive at 79th street southbound, was just repaved. This is a GREAT Investment , Buy it, and start making money immediately, tenant is in place for 9 years ! Pictures shown are with the home vacant, prior to current tenant moving in. Tenant pays gas and electric. Owner is a Licensed real Estate Broker In Illinois.
