7542 and 7656 S Colfax Ave
Two triplex properties in Chicago, Illinois. The 7542 S Colfax Ave building, built in 1921, has three units of two to four bedrooms, each around 1,500 sq ft, renovated in 2016–2017. The 7656 S Colfax Ave building, built in 2008, has three 3-bedroom, 2-bathroom units of around 1,150 sq ft each and is 50% owned by an end-buyer undergoing rehab and refinance.
Bedrooms
19
Bathrooms
9
Size
7950 sq ft
Year Built
N/A
Projected value
The offering costs $755,388.00 in total. The property itself is $707,250.00, so 6.8% of the total sits on top of the purchase price in reserves, costs and fees.
- Purchase price93.6%$707,250.00
- Closing and offering costs0.9%$7,000.00
- Other5.4%$41,138.00
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.
Total Tokens
16,168
Token Price
$15.01
Tokens Available
927
Minimum Investment
$15.01
Token Holders
658
Platform Fee
N/A
Management Fee
N/A
Leverage
Unlevered
Blockchain Network
Algorand
Token Symbol
LFTY0096
Property Type
Multi-Family
Bedrooms
19
Bathrooms
9
Size
7950 sq ft
Year Built
N/A
Condition
N/A
