Remember when you and your REALTOR scoured the Multiple Listing Service, trying desperately to find a multi-unit investment building that would come half way close to covering expenses? Remember how you would venture to the corners of Chicago hoping beyond hope to find an investment that made some sort of sense? Remember how you likened it to finding a four leaf clover or a needle in a haystack? Remember the utter dejection, disappointment and depression that hit you when you finally accepted the fact that your friend, Mr. Positive Cash Flow, skipped town without even saying good-bye? Well, your buddy is back in town, so get ready to celebrate!
A couple of examples are worth noting. 1312 W. Barry - this is a great turn-key income property producing 3 flat in the heart of Lakeview. All the leases are through summer 2009 and bring in $4900/month in income. The units all have parking, hardwood floors, central A/C and gas forced air, and tenants pay all their own utilities except water. The units are tastefully rehabbed and maintained in great condition. THESE NUMBERS WORK!!! Likewise, 1806 N. Paulina is an investor's dream. It is a fully rented 3 flat with duplexed coach house with $8700/month in income from 4 nicely rehabbed units in the heart of Bucktown. The two 2-bedroom units and two 4-bedroom duplexed units are spacious, have separate utilities and stable, long term tenants. Seller's need to sell is your gain with this armchair investment. Did I mention POSITIVE CASH FLOW??? These numbers work with 20% down investor financing.
For further information on the loans currently available to purchase these properties, contact me by visiting my website or call 312-264-5864 or e-mail cengel@rubloff.com.
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