Multi-Family
United States
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6838 S Ridgeland Ave, Chicago, IL 60649

14
6838 S Ridgeland Ave, Chicago, United States

A six-unit multifamily residence in Chicago's South Shore neighborhood, spanning 7,500 sq ft on a 10,068 sq ft lot. Each of the 6 units has 2 bedrooms and 1 bathroom. The area is a historic lakefront neighborhood near the South Shore Cultural Center, Jackson Park, and Lake Michigan, with access to downtown Chicago via public transportation.

Property Overview

Bedrooms

2

Bathrooms

1

Size

N/A

Year Built

N/A

Investment Returns Projection

Projected value

$1,454
▲ $454 (45.40%)
Investment Summary
Asset Price$745,596.00
Token Price$50.04
Annual Yield7.77%
Monthly Rental$4,830.00
Appreciation RateN/A
Occupancy RateN/A
Where the Raise Goes

The offering costs $745,596.00 in total. The property itself is $640,000.00, so 16.5% of the total sits on top of the purchase price in reserves, costs and fees.

  • Purchase price85.8%$640,000.00
  • Reserves and improvements3.6%$27,000.00
  • Other10.5%$78,596.00

Figures as published by the platform at listing. Reserves are held for the property and stay inside the deal, closing costs and the platform fee do not.

Token Information

Total Tokens

14,900

Token Price

$50.04

Tokens Available

0

Minimum Investment

N/A

Token Holders

N/A

Platform Fee

N/A

Management Fee

N/A

Leverage

Not stated

Blockchain Network

Gnosis Chain

Token Symbol

REALTOKEN-S-6838-S-RIDGELAND-AVE-CHICAGO-IL

Contract Address

0x64e72028862096c2a0d049923f2755fda90828de

Property Features

Property Type

Multi-Family

Bedrooms

2

Bathrooms

1

Size

N/A

Year Built

N/A

Condition

N/A

Street View
Total Price

$745,596.00

Token Price$50.04
Annual Yield7.77%
Tokens AvailableN/A