Chicago Illinois Investment Property

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Chicago Illinois Investment Property
Rental Income Protection for Investment Property


 Hastings (Dolton), Chicago, 60419  [CAB]
1 Photo
Home for sale: Hastings (Dolton), Chicago, IL
   
Purchase Price: $110,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,240
Bedrooms: 3 Property Tax: $205
Bathrooms: 1.5 Insurance/HOA: $50
Size: (sq ft) 1,299  Property Mgmt: $124
Price/Sq foot:  $85 Cash Flow: (Raw) $861
Year Built: 1957 Cap Rate: 9.4%
Parking: 1 Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.7
Great 3 bedroom and 1.5 bathroom home located in Dolton area. Currently leased.
 Hastings (Dolton), Chicago, 60419  [CAB]
1 Photo
Home for sale: Hastings (Dolton), Chicago, IL
   
Purchase Price: $110,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,240
Bedrooms: 3 Property Tax: $205
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,139  Property Mgmt: $124
Price/Sq foot:  $97 Cash Flow: (Raw) $861
Year Built: 1958 Cap Rate: 9.4%
Parking: 1 Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.7
A 3 bedroom and 1 bathroom ranch home that is located in Dolton area. Currently leased.
 Minerva Ave (Dolton), Chicago, 60419  [TPL]
1 Photo
Home for sale: Minerva Ave (Dolton), Chicago, IL
   
Purchase Price: $75,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $927
Bedrooms: 4 Property Tax: $291
Bathrooms: 2 Insurance/HOA: $57
Size: (sq ft) 1,300  Property Mgmt: $74
Price/Sq foot:  $58 Cash Flow: (Raw) $505
Year Built: 1955 Cap Rate: 8.1%
Parking: 1 Rent/Value Ratio: 1.2%
Neighborhood: A– DealGrader™: 7.6
This property has 4 bedrooms and 2 bathrooms and is located in Dolton area.
 E 146th St (Dolton), Chicago, 60419  [TPL]
1 Photo
Home for sale: E 146th St (Dolton), Chicago, IL
   
Purchase Price: $73,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $835
Bedrooms: 3 Property Tax: $158
Bathrooms: 1 Insurance/HOA: $58
Size: (sq ft) 1,046  Property Mgmt: $67
Price/Sq foot:  $70 Cash Flow: (Raw) $552
Year Built: 1960 Cap Rate: 9.1%
Parking: 1 Rent/Value Ratio: 1.1%
Neighborhood: A– DealGrader™: 7.7
This property has 3 bedrooms and 1 bath and is located in Dolton area.
 Lexington Dr (Hazel Crest), Chicago, 60429  [TPL]
1 Photo
Home for sale: Lexington Dr (Hazel Crest), Chicago, IL
   
Purchase Price: $128,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,770
Bedrooms: 3 Property Tax: $528
Bathrooms: 1.5 Insurance/HOA: $52
Size: (sq ft) 1,150  Property Mgmt: $142
Price/Sq foot:  $111 Cash Flow: (Raw) $1,048
Year Built: 1956 Cap Rate: 9.8%
Parking: 1 Rent/Value Ratio: 1.4%
Neighborhood: A– DealGrader™: 7.9
This property has 3 bedrooms and 1.5 bathrooms and is located in Hazel Crest area.
 S. Rhodes Avenue, Chicago, 60628  [AHA]
10 Photos
Home for sale: S. Rhodes Avenue, Chicago, IL
   
Purchase Price: $126,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,277
Bedrooms: 3 Property Tax: $179
Bathrooms: 2 Insurance/HOA: $57
Size: (sq ft) 1,206  Property Mgmt: $128
Price/Sq foot:  $104 Cash Flow: (Raw) $913
Year Built: 1941 Cap Rate: 8.7%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: C+ DealGrader™: 7.5
This nice property has 3 bedrooms and 2 bathrooms. Fully renoavted and currntly leased
 S. Lowe Avenue, Chicago, 60620  [AHA]
4 Photos
Home for sale: S. Lowe Avenue, Chicago, IL
   
Purchase Price: $146,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,400
Bedrooms: 5 Property Tax: $175
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,049  Property Mgmt: $140
Price/Sq foot:  $139 Cash Flow: (Raw) $1,025
Year Built: 1953 Cap Rate: 8.4%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: C+ DealGrader™: 7.5
This property has 5 bedrooms and 2 bathrooms and is currently under renovation.
 Dobson Ave (Dolton), Chicago, 60419  [CAB]
1 Photo
Home for sale: Dobson Ave (Dolton), Chicago, IL
   
Purchase Price: $139,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,600
Bedrooms: 4 Property Tax: $448
Bathrooms: 2 Insurance/HOA: $55
Size: (sq ft) 1,021  Property Mgmt: $128
Price/Sq foot:  $136 Cash Flow: (Raw) $969
Year Built: 1956 Cap Rate: 8.4%
Parking: 2 Rent/Value Ratio: 1.2%
Neighborhood: B+ DealGrader™: 7.6
This property is located in Dolton, it has 4 bedrooms and 2 bathrooms and was bulit year 1956. 
 Chicago Rd (Dolton), Chicago, 60419  [CAB]
6 Photos
Home for sale: Chicago Rd (Dolton), Chicago, IL
   
Purchase Price: $101,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,310
Bedrooms: 3 Property Tax: $441
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,103  Property Mgmt: $125
Price/Sq foot:  $92 Cash Flow: (Raw) $694
Year Built: 1953 Cap Rate: 8.2%
Parking: 2 Rent/Value Ratio: 1.3%
Neighborhood: B+ DealGrader™: 7.7

Great opportunity!  Currently cash flowing and ready to go! Rehab was just completed. More pictures will be posted soon. Leased!

 146th St (Dolton), Chicago, 60419  [CAB]
7 Photos
Home for sale: 146th St (Dolton), Chicago, IL
   
Purchase Price: $136,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,800
Bedrooms: 3 Property Tax: $545
Bathrooms: 2 Insurance/HOA: $51
Size: (sq ft) 1,062  Property Mgmt: $126
Price/Sq foot:  $128 Cash Flow: (Raw) $1,078
Year Built: 1972 Cap Rate: 9.5%
Parking: 1 Rent/Value Ratio: 1.3%
Neighborhood: B+ DealGrader™: 7.8
This beautifully remodeled house has 3 bedrooms and 2 bathrooms and is located in Dolton area.
 S. Hermitage Avenue, Chicago, 60620  [AHA]
14 Photos
Home for sale: S. Hermitage Avenue, Chicago, IL
   
Purchase Price: $122,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,288
Bedrooms: 4 Property Tax: $225
Bathrooms: 3 Insurance/HOA: $56
Size: (sq ft) 1,450  Property Mgmt: $129
Price/Sq foot:  $84 Cash Flow: (Raw) $878
Year Built: 1950 Cap Rate: 8.6%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.6
This property has 4 bedrooms and 3 bathrooms and is currently leased.
 S. Wallace Ave, Chicago, 60638  [AHA]
14 Photos
Home for sale: S. Wallace Ave, Chicago, IL
   
Purchase Price: $130,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,400
Bedrooms: 6 Property Tax: $132
Bathrooms: 2 Insurance/HOA: $54
Size: (sq ft) 1,300  Property Mgmt: $140
Price/Sq foot:  $100 Cash Flow: (Raw) $1,074
Year Built: 1978 Cap Rate: 9.9%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: C+ DealGrader™: 7.7
This property has 6 bedrooms and 2 bathrooms. This home is fully renovated and is currently leased.
 S. Bishop Street, Chicago, 60643  [AHA]
11 Photos
Home for sale: S. Bishop Street, Chicago, IL
   
Purchase Price: $114,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,319
Bedrooms: 3 Property Tax: $183
Bathrooms: 1 Insurance/HOA: $51
Size: (sq ft) 1,008  Property Mgmt: $132
Price/Sq foot:  $113 Cash Flow: (Raw) $953
Year Built: 1955 Cap Rate: 10.0%
Parking: 1 Rent/Value Ratio: 1.2%
Neighborhood: A DealGrader™: 7.8
This property has 3 bedrooms and 1 bath. Fully renovated and is currently leased.
 S. Ellis Avenue, Chicago, 60628  [AHA]
19 Photos
Home for sale: S. Ellis Avenue, Chicago, IL
   
Purchase Price: $133,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,400
Bedrooms: 4 Property Tax: $108
Bathrooms: 1.5 Insurance/HOA: $55
Size: (sq ft) 2,028  Property Mgmt: $140
Price/Sq foot:  $66 Cash Flow: (Raw) $1,097
Year Built: 1941 Cap Rate: 9.9%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.7
This property has 4 bedrooms and 1.5 bathrooms and was built year 1941. Fully renovated home.
 S. Parnell Avenue, Chicago, 60628  [AHA]
11 Photos
Home for sale: S. Parnell Avenue, Chicago, IL
   
Purchase Price: $125,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,280
Bedrooms: 3 Property Tax: $142
Bathrooms: 2 Insurance/HOA: $54
Size: (sq ft) 1,924  Property Mgmt: $128
Price/Sq foot:  $65 Cash Flow: (Raw) $956
Year Built: 1947 Cap Rate: 9.2%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.6
This property has 3 bedrooms and 2 bathrooms and was build year 1947. Fully renovated and currently leased.

More Properties Coming Soon!

POPULATION GROWTH

  • As the population of Chicago itself has gradually fallen, the population of its wider metro area has grown, representing both natural growth in those areas and a gradual move of the city's workforce into its suburbs.

JOB GROWTH


ECONOMY

  • Chicago is the 3rd largest city with top 10 GDP.
  • There are 9.5 million people with 42% renters.
  • Over 100 company headquarters.
  • Over 30 fortune 500 companies such as Boeing, United airlines, Michaels, Walgreens, Allstate, Kraft, etc.

RANKINGS & OTHER NOTES

  • 50 miles of beaches.
  • 40 million visitors each year.
  • Mega sports teams; Chicago Cubs, White Sox, Black Hawks, Bulls, Bears.

PROPERTIES

  • All properties are located near public parks, quality schools, transportation, shopping, municipalities, and within 5 miles of interstate ramp.
  • All properties are located where other companies are investing like Starbucks, McDonalds, Menards, Home Depot; all in the back yard of our properties.
  • All properties are backed by a 6 month HVAC warranty and a 90 day warranty on the quality workmanship..

Overview

Chicago is an enormous city located in the state of Illinois. With a population of 2,720,546 people and 795 constituent neighborhoods, Chicago is the largest community in Illinois. Much of the housing stock in Chicago was built prior to World War II, making it one of the older and more historic cities in the country.

Chicago real estate is some of the most expensive in Illinois, although Chicago house values don't compare to the most expensive real estate in the U.S.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Chicago is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Chicago is a city of sales and office workers, professionals and service providers. There are especially a lot of people living in Chicago who work in office and administrative support (12.82%), sales jobs (10.26%) and management occupations (9.06%).

Also of interest is that Chicago has more people living here who work in computers and math than 95% of the places in the US.

Chicago Information and Demographics

The population of Chicago is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 34.90% of adults in Chicago have a bachelor's degree or even advanced degree.

The per capita income in Chicago in 2010 was $28,623, which is upper middle income relative to Illinois and the nation. This equates to an annual income of $114,492 for a family of four. However, Chicago contains both very wealthy and poor people as well.

Chicago is an extremely ethnically-diverse city. The people who call Chicago home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Chicago residents report their race to be White, followed by Black or African-American. Chicago also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 28.95% of the city’s residents. Important ancestries of people in Chicago include Irish, German, Polish, Italian and English.

Foreign born people are also an important part of Chicago's cultural character, accounting for 20.92% of the city’s population.

The most common language spoken in Chicago is English. Other important languages spoken here include Spanish and Polish.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated ILe deemed reliable but not guaranteed.

Chicago Appreciation Rates
Chicago Illinois Appreciation Rates
Median Price Trends — Chicago, IL
Market Inventory Trends — Chicago, IL
Average Days on Market — Chicago, IL
Market Action Index — Chicago, IL

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Unemployment Rate Trends — Chicago, IL
Unemployment Rate Trends - Chicago, Illinois
            Chicago, Illinois, National.   (Recessions shown as gray bars.)
Total Employment Trends — Chicago, IL
Total Employment - Chicago, Illinois
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Chicago, IL
Real Median Household Income Trends - Chicago, Illinois
            Chicago, Texas, National.
Home Rent-to-Mortgage Payment Ratio — Chicago, IL
Home Rent-to-Mortgage Payment Ratio - Chicago, Illinois

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents ILe cheaper, and values greater than 1.0 mean mortgage payments ILe cheaper.  (Note: taxes ILe not considered here.)

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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