Attention Investors! This occupied and recently updated Bungalow home is a great opportunity to own property in Chicago’s Fernwood neighborhood. This is a three (3) bedroom and two (2) bathroom home that has been newly remodeled. Recent upgrades include: new plumbing, new electric, new windows, new roof, new furnace & ductwork, new kitchen, new bathrooms and refinished hardwood flooring. This home is located near Fernwood Elementary school and Fernwood Park. It has easy access to Halsted Street amenities and convenient access to I-57.
| Estimated Proforma Income/Expense | Pct | Monthly | Annual |
|---|---|---|---|
| Gross Potential Rent (estimated) | — | 1,900 | 22,800 |
| Total Income (estimated) | — | 1,900 | 22,800 |
| — Expenses — | — | — | — |
| Property Taxes – Tax Yr: 2018 | — | -165 | -1,984 |
| Insurance (estimated) | — | -63 | -750 |
| Property Management Fees (Pct of Gross Rent) | 8.00% | -152 | -1,824 |
| Allowance for Maintenance/Turnover/Vacancy (estimated Pct of Gross Rent) | 10.00% | -190 | -2,280 |
| Water/Sewer (estimated) | — | 0 | 0 |
| Trash Collection (estimated) | — | 0 | 0 |
| Common Area Utilities (estimated) | — | -11 | -130 |
| Common Area Maintenance (estimated) | — | 0 | 0 |
| Total Expenses (estimated) | — | -581 | -6,968 |
| —— | — | — | — |
| Net Operating Income (estimated) | — | 1,319 | 15,832 |