3 bedroom condo for sale

Overview

Unicorn Investor Alert 11.9 CAP with Owner Financing Opportunity Set in East Woodlawn Palatial Corner 3-bedroom 2 bath Penthouse Perched in a Private Tree Garden Bathed in Natural Light from Multiple Sides. Wide Expansive Intelligent Floor Plan Offers Formal Dining Room, Separate Family Room Equipped with Gas Fireplace, Gleaming Hardwood Floors, Designer Painted Doors and Trim, Fully Appointed Chefs Kitchen with Full Backsplash and Peninsula Bar Seating for 3. Substantial Super-Sized Primary Bedroom with Massive Walk-in Closet, Multiple Ceiling Fans, Mini Blinds Throughout, In Unit Full-size Front-Loading Washer and Dryer, Individual Gas Forced Air and Central Air Conditioning. Current Reserves $37, 762.26, Special Assessment of $350 per month through 12-31-24 will be Paid By Sellers at Closing. HOA is not Warrantable at this Moment and If Bank Financed, will require NON-Warrantable Product. Unit is leased with AAA Tenant through 7-22-25 at $1820.00 per Month with Tenant paid Utilities. Seller is willing to offer Owner Financing to Qualified Individuals with a Min Credit Score 715 non washed. Strong Employment History, Earnings and Live in Cook County. Must have a 20% down payment, 6.5% interest rate amortized over 30 years, 3-year balloon. No prepayment penalty. Separate Application Process would apply if opted. For an investor: Based on $124, 000 purchase price@20% down (24, 800) at 6.5% interest Unit leased at $1820.00 /Annual $21, 840 (minus 5% vacancy) Annual Gross Income $20, 478.00. Annual Expenses: Insurance $459.71, Taxes $1015.19, Regular Annual Assessments $3600.00, Repair and Maintenance $450.00 =Total Expenses $5524, 90/ NOI : $14, 953.10 = 11.9% CAP For an Eventual User/Owner Occupant Monthly P and I plus 1/12 of actual expenses $904.02 plus utilities per month payment. See broker private remarks for strict showing instructions.