3325 W 61st PL Chicago, IL 60629

* 9.52% In Place Cap Rate * Gross Income (w/ 5% vacancy) - $115,200 * NOI - $71,304. 3325 W. 61st Place is a recently rehabbed fourteen (14) unit courtyard building in Chicago's historic Chicago Lawn neighborhood. This property is tucked away on a quiet street full of single family homes, yet close to public transportation and minutes away from Chicago Midway International Airport. 3325 W. 61st Pl is comprised of fourteen (14) 1Bd/1Ba units with hardwood flooring throughout, ample sized bedrooms, and updated kitchens and appliances. Recent capital improvements to the building include, but are not limited to, majority copper plumbing, recent tuckpointing, and individual furnaces. 3325 W. 61st Pl. presents an investor with an opportunity to attain a positive cash flowing, turn-key property with an in place cap rate of 9.52% as well as a cash-on-cash return of 21.91%. By raising rents to levels already being achieved in the building, an investor has the ability to achieve a cap rate over 11.7% and a cash-on-cash return over 30.48%.