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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

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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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