Fix & Flip – Chicago, IL

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Note Size: $495,000
>$100K Remaining

2023IL1028

Note ID

3,125 SqFt

Size

8

Bedrooms

3

Bathrooms

Description

This 3-unit building is located in the historic Tri-Taylor neighborhood near the Illinois Medical District, University of Illinois, surrounded by top-rated schools, parks, shopping, and public transportation. The main level is already renovated, they borrower will be renovating the two additional units including new kitchens, bathrooms, flooring and mechanicals. They are highly experienced, local real estate investors that have been working with Aloha Capital for 5 years.

 

 

Address

Address: 1028 S Oakley BLVD Chicago Cook IL
  • Country: United States
  • Postal code / ZIP: 60612
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  • Note ID 2023IL1028
  • Price Note Size: $495,000
  • Property Type 2-4 Unit
  • Property status >$100K Remaining
  • Bedrooms 8
  • Bathrooms 3
  • Year Built 1895
  • Size 3,125 SqFt
  • Note Type Fix & Flip
  • Whole Note - Annual Yield (%) 11.5
  • Whole Note - Monthly Yield ($) $5414.00
  • Participation - Annual Yield (%) 11.5%
  • Loan Maturity Date (MM/DD/YY) 05/01/24
  • Property Current Value ($) $570,000
  • Property Construction Budget ($) $123,750.00
  • Property After Repair Value ($) $825,000.00
  • Loan to Current Value (%) 86%
  • Loan to After Repair Value (%) 75%
  • Property Rent Estimate ($) $5,625
  • Invest - Participation Agreement https://na3.docusign.net/Member/PowerFormSigning.aspx?PowerFormId=a3796ace-cc29-45f8-b821-46de592ef8e9&env=na3&acct=dc183316-55b9-4b28-b9ae-24cc404e81a6&v=2

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