Thome Homes
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Investor Special!!! Turnkey income-producing opportunity in the highly sought-after historic Drexel Boulevard corridor. This spacious 1-bedroom, 1-bath condominium offers wood-finish flooring throughout, a cozy fireplace, a large bathroom with dual vanities, and an efficient layout that appeals to long-term tenants. The well-maintained building features secure fob entry, an assigned exterior parking space, and low HOA dues. The unit is currently leased to an excellent long-term tenant paying $1,750 per month through March 1, 2027, providing immediate, stable cash flow from day one with no vacancy concerns. Seller is also offering a $2,500 appliance credit, allowing the new owner or future occupant to update the appliances to their personal preference while adding value to the property. A professionally managed, investor-friendly building that allows rentals, making this a rare opportunity to acquire a turnkey asset with immediate income and future upside.
Property Highlights
Property Type: Residential - Condominium
Total Living Area SF: 900
Built in 2004
School District: District 299
Brick Exterior
One Fireplace
General Information
Bedrooms: 1
Bathrooms: 1
Sqft: 900
County: Cook
Listed By:
LPT Realty LLC
877-366-2213
MRED MLS
MLS ID: 12703440
Room Information
Dining Room: COMBO
Kitchen: 9X9
Laundry: 5X7
Living Room: 18X13
Primary Bedroom: 13X11
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4537 S Drexel Boulevard, Unit 203, Chicago, IL 60653.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $195,000 | $195,000 | $195,000 |
| Down Payment | $39,000 | $6,825 | $48,750 |
| Monthly Mortgage Amount | $973 | $1,179 | $1,214 |
| Taxes | $271 | $271 | $271 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $86 | $0 |
| Monthly Estimated Total | $1,344 | $1,636 | $1,585 |
Thome Homes
Caroline Thome & Michael Thome
Cell: (319) 363-5289
Licensed in IA
Cedar Rapids Office
5805 Council St. NE
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
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