Lori Scarbrough
Description
The subject property is 17 units + 3 Non Conforming Garden Apartments, comprised of seven (7) 1BD/1BA apartments and thirteen (13) 2BD/1BA apartments. The architecturally distinct property is situated at the prominent corner of Central Park Ave and 15th St. Each unit in the building has been outfitted with individual furnaces and has received updates like newer kitchen cabinetry. Investors have the opportunity to acquire a cash flowing asset with meaningful upside remaining in the rent roll. The subject property is located just south of the historic Douglas Blvd and three blocks north of the Central Park Pink Line CTA station, offering convenience to tenants.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Cook
Listed By:
Flats, LLC
312-506-3200
MRED MLS
MLS ID: 12789869
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3548 W 15th Street, Chicago, IL 60623.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,600,000 | $1,600,000 | $1,600,000 |
| Down Payment | $56,000 | $0 | $320,000 |
| Monthly Mortgage Amount | $10,320 | $11,011 | $8,841 |
| Taxes | $2227 | $2227 | $2227 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $960 | $0 | $0 |
| Monthly Estimated Total | $13,974 | $13,705 | $11,535 |
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