Hashtag Realty 4 Unit Case Study. Cost: $165,000 | Sold: $271,000 | Profit: $106,000

1. #REALTY Case Study: 2252 East 84th
St. Chicago, IL 60617
Mission:
Use cash to purchase REO property under market value, renovate, secure Section 8 renters, create cashflow, and sell
to investors at a profit.
Building Description:
2252 E. 84th
St is an all brick 4 unit multi-family apartment building located on Chicago's South side. It has a total of
10 Bedrooms and 4 Full Baths and all brick 3 car garage.
Building Acquisition:
At it's 5 year peak the property was listed at $425,000 in February 2010. The building was delisted in August 2010
and re-listed multiple times from 2011-2012 finally reaching it's lowest listed price of $140,000 before being delisted
in September 2012.
2252 E 84th
St was acquired by #Realty in 2013 for $40,000 as an REO.
Building Rehabilitation and Rental:
Over the course of 12 months the property was completely rehabilitated at a cost of approximately $100,000. After
much learning, the project could definitely have been done in 6-8 months for $60,000. The following listing describes
the work done:
Immaculate Professional Rehab Top To Bottom! New Kitchen Cabs, Counter tops, Sink, Faucets, GFI's &
Ceramic Tile Back Splash! New Stainless Appliances, New Bathrooms, (Vanities, Lights, Faucets, Mirrors,
Fixtures) New Light Fixtures & Ceiling Fans! Refinished floors, new trim and paint! New Exterior and
Interior Doors with new handles! New mechanical, tuck-pointing repairs & so much more!
Upon completing the renovation, 3 of the four units were rented to Section 8 tenants for $1,100 per mo. The 4th
unit
was not rented because originally it was going to be sold to an owner occupied buyer who would purchase, occupy
and manage the property. The 4th
unit will also rent for $1,100 per month.
Simple Financials:
Property cost: $40,000 | Rehab cost $100,000 | Other $15,000 | Total cost: 165,000 | Sale price: $271,000
Property generates $4,400 per month. Taxes are $253 per month. ($275,000 5% mortgage would be $1,600
per month). Buyer gets $2,500 per month in positive cashflow.
If we held the property instead of selling it; we would recapture total cost of $160,000 in 3.03 years and
make $40,967 annually paid on the 1st
of every month by Section 8.

2. BEFORE

3. AFTER
CONTACT:
VITO GLAZERS
CHIEF MARKETING CONSULTANT
HASHTAG REALTY
323-397-9200
VitoGlazers@Gmail.com