Chicago Illinois Investment Property

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Chicago Illinois Investment Property
Rental Income Protection for Investment Property


 Chicago Rd (Dolton), Chicago, 60419  [CAB]
11 Photos
Home for sale: Chicago Rd (Dolton), Chicago, IL
   
Purchase Price: $126,900 Rental Income: $1,657
Bedrooms: 4 Property Tax: $317
Bathrooms: 2 Insurance/HOA: $52
Size: (sq ft) 1,132  Property Mgmt: $125
Price/Sq foot:  $112 Cash Flow: (Raw) $1,163
Year Built: 1953 Cap Rate: 11.0%
Parking: Rent/Value Ratio: 1.3%
Neighborhood: B+ DealGrader™: 8.0
Recently rehabbed solid brick home!  Featuring new plumbing, electrical, HVAC, windows and much more!
 184th St (Lansing), Chicago, 60438  [CAB]
1 Photo
Home for sale: 184th St (Lansing), Chicago, IL
   
Purchase Price: $119,000 Rental Income: $1,675
Bedrooms: 3 Property Tax: $446
Bathrooms: 2 Insurance/HOA: $79
Size: (sq ft) 1,271  Property Mgmt: $125
Price/Sq foot:  $94 Cash Flow: (Raw) $1,025
Year Built: 1967 Cap Rate: 10.3%
Parking: 2 Att Rent/Value Ratio: 1.4%
Neighborhood: B+ DealGrader™: 8.0
This 3 bedroom 2 bath home is currently being rehabbed.  Check back for updates.
 Grant St (Dolton), Chicago, 60419  [CAB]
1 Photo
Home for sale: Grant St (Dolton), Chicago, IL
   
Purchase Price: $101,900 Rental Income: $1,650
Bedrooms: 3 Property Tax: $433
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,455  Property Mgmt: $125
Price/Sq foot:  $70 Cash Flow: (Raw) $1,042
Year Built: 1934 Cap Rate: 12.3%
Parking: Rent/Value Ratio: 1.6%
Neighborhood: B+ DealGrader™: 8.3
Great opportunity!   Currently being rehabbed, check back for updates.
 Minerva Ave (Dolton), Chicago, 60419  [CAB]
1 Photo
Home for sale: Minerva Ave (Dolton), Chicago, IL
   
Purchase Price: $130,000 Rental Income: $1,650
Bedrooms: 3 Property Tax: $216
Bathrooms: 1.5 Insurance/HOA: $54
Size: (sq ft) 1,155  Property Mgmt: $125
Price/Sq foot:  $113 Cash Flow: (Raw) $1,255
Year Built: 1956 Cap Rate: 11.6%
Parking: Rent/Value Ratio: 1.3%
Neighborhood: A– DealGrader™: 8.0
Single family home in Dolton!  Currently being rehabbed.  Check back for updates and photos. 
 Monroe St (Dolton), Chicago, 60419  [CAB]
11 Photos
Home for sale: Monroe St (Dolton), Chicago, IL
   
Purchase Price: $220,000 Rental Income: $2,500
Bedrooms: 8 Property Tax: $568
Bathrooms: 3 Insurance/HOA: $110
Size: (sq ft) 3,000  Property Mgmt: $250
Price/Sq foot:  $73 Cash Flow: (Raw) $1,572
Year Built: 1924 Cap Rate: 8.6%
Parking: Street Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 7.6
Fantastic cash flow!  2 incomes one purchase!  The main house has bedrooms and 2 baths and the coach house has 3 bedrooms 1 bath.  Rent for the main house will be going up $350/month!

*** Cash Only ***
 Lincoln Ave (Dolton-Duplex), Chicago, 60419  [CAB]
8 Photos
Home for sale: Lincoln Ave (Dolton-Duplex), Chicago, IL
   
Purchase Price: $95,000 Rental Income: $2,110
Bedrooms: 4 Property Tax: $538
Bathrooms: 2 Insurance/HOA: $87
Size: (sq ft) 1,650  Property Mgmt: $300
Price/Sq foot:  $58 Cash Flow: (Raw) $1,185
Year Built: 1891 Cap Rate: 15.0%
Parking: 2 Att Rent/Value Ratio: 2.2%
Neighborhood: B+ DealGrader™: 9.0
Great opportunity to own this Duplex in Dolton.  Rented and cash-flowing.   

*Cash only*

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 $
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
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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