S. Trumbull Avenue
See below for examples of interior. Design is standard for all Strata properties.
3
3 bed/1 bath
1930
$85,000
$11,300
$280,000
Property Details
# of Units
Bed/Bath Mix
Year Built
Purchase Price
Renovation Cost
Est. Post-Rehab Mkt. Value
Month/Year
$3,600 / $43,200
$1,190 / $14,282
$2,410 / $28,918
$969 / $11,625
$1,441 / $17,293
Financials
Rental Income
Operating Expenses
Net Operating Income
Debt Service
Net Cash Flow
About The Neighborhood
S. Trumbull is a 3 unit rental apartment building in Chicago’s Ashburn neighborhood. The construction of the city’s first airport, Ashburn Flying Field, in 1916 sparked the neighborhood’s early development. TheLaird Airplane Company, a maker of racing planes, built manufacturing facilities near the field soon after. The airport complex was closed in 1939 due to competition with nearby Midway airport. Ashburn experienced further manufacturing-led growth during the 1940’s after the famed (though short-lived) Tucker automobile company was founded in the area. Production demands from World War II and the Korean War brought in yet more residents and businesses. With this influx, housing developments were built according to subdivisions, something that is not commonly found within Chicago proper. As a result, Ashburn contains a number of smaller sub-neighborhoods.
