jmk realty

specializing in apartment building & residential properties

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 Featured Apartments For Sale

1057 N Austin, Chicago, IL 60651

Vintage 17 unit brick. Recent improvements include new windows,new boiler, and common areas.Located 1 block from Oak Park.

 

Configuration: 16 1BR, 1 studio

Gross Scheduled Rent: $120,300

Price: $799,000

Cap Rate 8.7%

MLS# 07067449

 

658 N Waller, Chicago, IL 60644

Vintage 12 unit, two story walk-up building. Corner building featuring newer windows, new boiler and common areas. Well maintained with rehabbed units.

 

Configuration: 8 2BR, 4 1BR

Gross Scheduled Rent: $105,000

Price: $780,000

 

 

5412 W Ferdinand, Chicago, IL 60644

Beautiful 26 unit three story walk up building. Class 9 taxes! Newer windows, boiler, HWT and proches. Well maintained, rehabbed units, laundry facilities. Walk to Green line

 

Configuration: 26 Studios

Gross Scheduled Rent: $155,000

Price: $1,200,000

GRM: 7.74

Click here for rent roll

Map this property

 

4043 N Bonhill, Arlington Heights, IL 60004

Modern six unit building located in small complex. Tenant pays heat and hot water. Association dues include scavenger, snow removal, lawncare roof and insurance. Each unit has it's own tax PIN number allowing for an easy condo conversion.

 

Configuration: 5 2BR, 1 1BR

Price: $519,900

MLS# 07040920

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 News You Can Use

Property Management

Good propert management discussion forum and good credit reporting service for $9.99 per credit report

Mr. Landlord.com 

 

Very good (and free) property management training for new and experienced landlords

Community Investment Corporation 

Forms:

Many of the property management forms I use are listed below. Some are specific to Chicago and/or Illinois. Feel free to use the ones you want

Rental Application

Move-in, move-out form

Five day notice

Tenant work order request

Filling Vacancies:

Below are the on-line adverstising sites I have had the most luck with for filling vacancies, also a link to my own web site used for filling vacancies:

Rent.com

Craigs List

AAMA web site

 

Vacancy marketing ideas - Tips and trick for effective newspaper ad and vacancy marketing

Vacancy Marketing

Applicant Screening:

Explanation of FICO credit scores and how landlords use them

FICO

 

A tool I use to determine if an applicant will be approved

Underwriting Form

1031 Exchange:

Q&A

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