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3058 N Lotus Avenue Chicago, IL 60641 • Multi Unit - Multiple • New

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Description

Exceptional turnkey 6-unit multifamily investment with immediate value-add potential for a 7th garden unit! Owned and meticulously maintained by the same owner for over 40 years, this ultra-clean building boasts a 7% Cap Rate. Key updates include a BRAND NEW roof, updated windows, and select updated kitchens. Features (2) 2BD/1BA units and (4) 1BD/1BA units, showcasing timeless original woodwork, solid wood doors, and classic hardwood floors. Exterior includes a 2-car garage plus 2 off-street parking spots. Ideal addition to any portfolio with strong cash flow from day one!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Cook
Listed By:
Baird & Warner 773-250-0400
MRED MLS
$950,000
Est. $6,655/mo
New to the Market New
BEDS0 BATHS MLS#12766181
STATUSNew PROPERTY TYPEMulti Unit - Multiple
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Shown By

Susan Rekward
 (319) 430-1701

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3058 N Lotus Avenue, Chicago, IL 60641.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $950,000$950,000$950,000
Down Payment $190,000$33,250$237,500
Monthly Mortgage Amount $5,056$6,050$6,207
Taxes $1322$1322$1322
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$570$0
Monthly Estimated Total $6,655$8,219$7,806

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