$60,000 · CHICAGO, IL 60636
Works for flippers · Works for landlords

Pending

$60,000Asking price

3 bd · 1.5 ba · 1,320 sq ft · built 1939

CHICAGO, IL 60636

No contract on file

Price Drop

via InvestorLift Classic

4 views · listed Oct 15

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $250,000
Asking price: −$60,000
RepairsMiddle of the seller’s $70,000 – $80,000. Ours: $43,000 – $77,500: −$75,000
Loan, holding, closing20% down, 12% interest, 2 points, 90 days: −$11,680
Profit41.3% of ARV · flippers want 10%+: $103,320
Works

Works for a flipper up to $133,000.

SHERMAN PROPERTY EXPERTS

Tristin McCarthy

No reviews yet

Comps

Sales

Rents

ARV $250,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $88,000.

The sales behind this value are shown to members.

ARV $250,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SHERMAN PROPERTY EXPERTS

Tristin McCarthy

No reviews yet

Seller Description

$70K ENTRY, $230K ARV, $180K SPREAD

Frame SFR in Chicago's 60636 (West Englewood, Cook County) priced at a true fix-and-flip or BRRRR number. Owned free and clear with zero open liens — clean title, fast close. At $70K buy-now against a $250K ARV, this is a 72%-below-ARV position with room to work in a comp-supported neighborhood.

DEAL SNAPSHOT

Type: Single-Family Residence

Beds/Baths: 3 bed / 1 full + 1 half

Sqft: 912 | Lot: 3,100 sqft

Year Built: 1913 | Construction: Frame

Buy-Now Price: $70,000

Bidding Opens: $70,000

ARV: $230,000

Rehab Estimate: $75,000–$90,000

Spread to ARV: $160,000

Liens: 0 | Title: Free & clear

INVESTMENT HIGHLIGHTS- $180K spread to ARV at the $70K entry- 60%+ below ARV — real forced-equity play- No liens, owned outright — clean, fast closing- All utilities on for walkthroughs, Water heater 0–5 yrs; furnace 6–10 yrs and working

REHAB/CONDITIONMajor repair — priced accordingly. Firsthand walkthrough by our acquisitions rep: roof asphalt shingle (11–20 yrs, fair), vinyl siding poor, original single-pane windows poor, full basement fair and dry. Kitchen and baths original/20+ yrs — gut candidates. Flooring (carpet/HW/tile) poor. Walls/ceilings fair. Furnace works; no A/C. Electrical and plumbing to be verified by your GC — plumbing is mixed. Budget to the $75K–$80K range and underwrite your scope.

WHY THIS DEAL STANDS OUTClean title, a real seller with a real reason to move, and a number that leaves room for a full rehab and a healthy margin at exit. This is the kind of entry that works for a flip or a refinance-and-hold after stabilization. The math is the pitch.

DISPO NOTES/TERMS- Access: scheduled walkthroughs, all utilities on- Occupancy: owner-occupied — delivered per contract terms- Closing: cash/hard money, quick close available- Title clean (0 liens, free & clear)

Run your comps, then lock it. Call/text Tristin McCarthy to schedule a walkthrough and submit your number before bidding moves.