Karla Tejada

Real Estate Broker773.876.5643karla.tejada@xplusrealestate.com

X Plus Real Estate

2350 N Lincoln Ave, Chicago IL 60614

312.669.4343 info@XPlusRealEstate.com www.XPlusRealEstate.com

Compass is a licensed Real Estate broker with a principal office in New York, NY and abides by all applicable Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only, is compiled from sources deemed reliable but is subject to errors, omissions, and changes without notice. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of Real Estate brokerage.

X Plus Real Estate is the #1 seller of 2-4 unit properties in Chicago and we are ranked in the top 1% of all agents in the city. We helped clients buy and sell over $30,000,000 worth of properties in 2018. With over 30 years of combined experience, X Plus Real Estate has helped facilitate the sale of over $150,000,000 in total properties in the Chicagoland area. X Plus Real Estate’s unparalleled expertise in the 2-12 unit market is bar none; from finding the right property to the construction and rental process, they are here to help new and seasoned investors grow more. Please reach out to X Plus Real Estate for more information.

X Plus Real Estate

5258 N VirginiaChicago, IL 60625Turnkey 4 Unit

X Plus Real Estate 5258 N Virginia

Massive corner all brick masonry 4 unit building on oversized corner lot in Budlong Woods. 31’ x 128’ x 57’ x 125’ backing up to River Park with a beautiful backyard on a very quiet residential street. Immaculate condition on all units with high ceilings, bay windows, and original woodwork. Front of the building consists of two 2BD/1BA apartments and two 1BD/1BA in rear all with separate living/dining rooms . Rents are below market due to long term tenants. All windows and appliances replaced in the last 5 years. Hot water tank replaced in 2017. Updated plumbing and electrical. Full tear off roof done in 2017. Partially finished basement and a full bath perfect for duplexing. Storage and coin laundry for extra income. Walking distance to North Park University, Starbucks, Tony’s Fresh Market and ton of shops/restaurants in Lincoln Square. 2 blocks from Foster Ave. bus stop and 1.1 miles to the Kedzie Brown line ‘L’ stop.

Building Features:- Excellent Location

- Original Hardwood Floors

- Separate Living/Dining Rooms

- Updated Electrical/Plumbing

- Newer Roof 2017

Living Room Kitchen

Dining Room Master Bedroom

Property Information Pro Forma

Amazing Investment OpportunityThis building is completely turnkey and perfect for investor or owner occupier.

Priced at: $749,000

Price Units Price / Unit Cap Rate GRM Year Built$749,000 4 $187,250 4.51 15.98 1892

Unit type Unit # Lease End Date Current Stabilized2Bed/1Ba 1A M-M $1,100 $1,4002Bed/1Ba 2A M-M $1,025 $1,4001Bed/1Ba 1B M-M $890 $1,2001Bed/1Ba 2B M-M $890 $1,200

Month Total $3,905 $5,200Year Total $46,860 $62,400

Expenses StabilizedTaxes $8,264 $8,264Insurance* $2,500 $2,500Water* $2,000 $2,000Electric* $300 $300

Total $13,064 $13,064

Net Operating Income $33,796 $49,336

Down Payment First Mortgage Total StabilizedAmount $187,250 $561,750% 25% 75%Rate 4.50%Amortization 30Principal $9,062 $9,062 $9,062Interest $25,093 $25,093 $25,093Total Debt Services $34,156Monthly Debt Services $2,846 $34,156 $34,156Cash Flow -$360 $15,180Principal Reduction $9,062 $9,062Total Return $8,703 $24,243* Broker Estimate Rate of Return -0.19% 8.11%

Stabilized CAP Rate6.59

Income

Expenses

Debt Services