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Chicago Area Multi Unit Properties with a 10% Cap Rate or Higher Updated February 18, 2016 at 08:02AM

February 18, 2016 by Goran Utvic Chicago Real Estate Broker Leave a Comment

1 property with a 10% Cap Rate or Higher
GRI

 

 

 

 

 

 

 

9910 Pacific AVE (New – $895,​000)
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Gross Rental Income: $105,000
Gross Rental Multiplier: 9
Total Annual Exps: $18,000
Annual Net Operating Income: $65,000
Janitor Expense ($/src): $2,000/
Water Expense ($/src): $5,000/
Repairs/Decor Expense ($/src): $0/
Total Monthly Income: $9,000
Tax Amount: 18,258
Expense Source: Actual
Net Oper Income Year:
Fuel Expense ($/src): $5,800/
Scavenger Expense ($/src): $4,100/
Other Expense ($/src): $850/
Total Annual Income: $107,000
Tax Year: 2014
Expense Year: 2015
Cap Rate: 10
Electricity Expense ($/src): $600/
Insurance Expense ($/src): $2,500/

Goran Utvic - Real Estate Broker/Construction Consultant, My Internet Marketing Strategies and Negotiating Expertise = Best Price For You When Buying or Selling a Home!

Call Now (773) 273-9155

Licensed Real Estate Broker in: Illinois HomeSmart Connect Real Estate 7240 W Devon Ave Chicago, IL 60631

Check Out Some of My Content Below
Chicago 2 Flat Conversion From Start to Finish
Chicago 2 Flats What To Look For When Viewing Before You Buy
Digging Basement of a Chicago 2 Flat
Why Buying a House With an Unfinished Basement is Better
Chicago 2 Flat Renovation - What is a Scope of Work and How to Get One

Filed Under: Multi Unit Investment Properties Tagged With: 10% cap rate Chicago, 10% cap rate Illinois, Chicago area investment properties, Chicago multi units

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My Google Reviews

Excellent
Based on 42 reviews
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Charles Salmen
Charles Salmen
2023-12-16
We met Goran as we were beginning to look for a new home last spring. At the time we were planning to do a full renovation, and Goran was extremely helpful broker & construction adviser. We ended up finding a turnkey home in a neighborhood we loved, and the deal went very smoothly due to all the expert advice we received from Goran on negotiations, inspection, etc. While the new house was under contract, we decided to list our current home and Goran was instrumental in getting it sold in less than a month finding our future buyer from an open house (all during the dreaded end of year timeframe when things seem to really down). Overall, Goran was extremely knowledgeable and easy to work with. We would highly recommend Goran to anyone looking for a hardworking and honest real estate agent.
Ron Ricchio
Ron Ricchio
2023-10-16
Goran was great to work with. Extremely knowledgeable and professional. Communication was also great.
Silvia Flores
Silvia Flores
2023-08-09
Goran, keeps me in the loop about the properties that are out there. This is just what I was looking for.
Peter Rogoz
Peter Rogoz
2023-07-19
Goran helped us find, inspect, and close on our first two flat. He is extremely knowledgeable about the construction of these 100+ year old buildings and offers solid advice at every turn. He negotiated a fair price with the seller's agent and walked us through the entire process. I can't recommend him enough!
mari zapata
mari zapata
2023-06-13
Goran was such a pleasure to work with. I was a bit intimidated by the home buying process given this was my first home purchase. I can't thank him enough for making this such a stress-free experience. With the help of Goran, my brother also closed on his home a few weeks ago. Goran rocks! :)
Levi Laroco
Levi Laroco
2023-05-31
Goran Utvic is a true expert in these 2-flat Deconversions. He is professional and as he will advice you what works and will not work on the project. He will also follow up and help you reevaluate what will work best. My project was a success due to his guidance and brotherly advice. We were fortunate enough to be featured on Season 4, Episode 2 of the HGTV Windy City Rehab. Please check it out
Karen H
Karen H
2021-03-01
Goran exceeded all of my expectations!! He is so knowledgeable and professional in the way he helped me with all questions and concerns. He was very patient with me and always stayed in touch with me when I needed him. He is so good at what he does. I would give him 10 + Stars. It was a pleasure to work with him
Reviews on Zillow

1983807

“A very dedicated and smart agent, who will always think on the client’s behalf. When it comes to buying a property, Goran will take his time to … more “
5.0/5.0
by vernonhills1843

1894179

“I had a great experience working with Goran! He was very responsive, patient and helpful with all the questions I had throughout the process. This was … more “
5.0/5.0
by nikolovams

1483990

“In addition to being an honest, and genuinely friendly guy, Goran was so helpful to my wife and I in purchasing our first home. Though it was a dual … more “
5.0/5.0
by Chris Claybough

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