Photos, interior walkthrough video links, executed lease agreements, and exact address packets are available upon request for verified buyers. Call Lars at 561-679-4149
PORTFOLIO BREAKDOWN:
DUPLEX 1 (Chatham Submarket - 60619):
Unit 1: $1,600/mo (Active Lease)
Unit 2: $1,600/mo (CHA Voucher Approved, Pending Routine Inspection)
Combined Gross: $3,200/mo ($38,400/yr)
Notes: Full City-Permitted gut renovation on record (new electrical, plumbing, HVAC, newer kitchens/baths).
DUPLEX 2 (Grand Crossing Submarket - 60619):
Unit 1: $1,350/mo (Active Lease)
Unit 2: $1,534/mo (Active Lease)
Combined Gross: $2,884/mo ($34,608/yr)
Notes: Established tenancy, personal guarantors on file, zero deferred maintenance reported.
DUPLEX 3 (South Shore Submarket - 60649):
Unit 1: $1,450/mo (Active Lease)
Unit 2: $1,475/mo (Active Tenancy)
Combined Gross: $2,925/mo ($35,100/yr)
Notes: Minutes to lakefront; high-demand rental pocket with low historical vacancy.
DUPLEX 4 (South Chicago Submarket - 60617):
Unit 1: $1,450/mo (Active Lease)
Unit 2: $1,100/mo (Guaranteed CHA Housing Assistance Payment - Month-to-Month)
Combined Gross: $2,550/mo ($30,600/yr)
Value-Add: Unit 2 is significantly under market. Immediate opportunity to bump voucher rent to $1,450+/mo.
INVESTOR HIGHLIGHTS
Instant Cash Flow: Portfolio is generating $10,109/month.
Strong Govt Backing: Includes $2,600+/month in direct Housing Authority (CHA) guaranteed payments.
Split Mechanicals: All properties feature individual furnaces and meters. Landlord is NOT stuck paying tenant heating bills.
Turnkey Management: Professionally managed via Buildium. Turnkey transition available for out-of-state buyers.
Photos, interior walkthrough video links, executed lease agreements, and exact address packets are available upon request for verified buyers. To receive the Complete Diligence Package:
1. Reply directly to this listing or message/call: 561-679-4149
2. Provide Proof of Funds (POF) or lender approval letter.
3. Access is strictly by appointment only — please DO NOT disturb tenants or onsite management. Serious cash buyers only.
More About This Property
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ARV $1,255,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $50,000.