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$55,000 · HARVEY, IL 60426
Works for flippers · Works for landlords

Available

$55,000Asking price

4 bd · 1.5 ba · 1,200 sq ft · built 1960

HARVEY, IL 60426

No contract on file

via InvestorLift Classic

3 views · 1 saved · listed Oct 26

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $165,000
Asking price: −$55,000
RepairsMiddle of the seller’s $35,000 – $45,000. Ours: $18,500 – $38,500: −$40,000
Loan, holding, closing20% down, 12% interest, 2 points, 76 days: −$8,579
Profit37.2% of ARV · flippers want 10%+: $61,421
Works

Works for a flipper up to $97,000.

SHERMAN PROPERTY EXPERTS

Tristin McCarthy

No reviews yet

Comps

Sales

Rents

ARV $165,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $74,000.

The sales behind this value are shown to members.

ARV $165,000

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

Vacant single-family home set up for a clean, fast turn. The heavy, expensive bones are already handled — asphalt shingle roof (4-10 yrs, good), updated vinyl windows, vinyl siding in good shape, a solid slab foundation, and a new hot water tank (0-5 yrs). What's left is largely mechanical and cosmetic, which is exactly where an operator builds margin. Spacious, flexible layout with a large kitchen/dining footprint and a good-sized lot.

DEAL SNAPSHOT

Type: Single-Family Residence

Condition: Light Rehab

Occupancy: Vacant

Roof: Asphalt shingle, 4-10 yrs — Good

Exterior: Vinyl siding — Good

Windows: Updated vinyl — Good

Foundation: Slab — Good

Heating: Furnace, 6-10 yrs (needs service/repair)

Water Heater: New, 0-5 yrs

Electrical: 100A breakers

Plumbing: Mixed

Rehab Estimate (on-site rep): $35,000–$45,000

INVESTMENT HIGHLIGHTS

- Dual exit: finish modest and rent, or push cosmetic for a market flip

- Big-ticket items already covered: roof, siding, windows, water heater

- Vacant and empty — walk it and start day one, no tenant/holdover friction

- Flexible layout with a large kitchen/dining area and good lot size

- Firsthand walkthrough condition data from our acquisitions rep

REHAB / CONDITION

Scope is mechanical and cosmetic. Newer Furnace - A/C is not confirmed functioning. Kitchen and baths are dated/poor and need updating. Flooring is a mix of tile, carpet, and LVP — . Paint throughout and some siding attention.; the cosmetic ceiling patch in the kitchen was never finished — easy close-out. Plumbing is mixed; all utilities currently off. Rep pegs the full rehab at $35,000–$45,000.

WHY THIS DEAL STANDS OUT

Most light-rehab deals hide a roof or foundation surprise. This one doesn't. The capital-intensive systems are already addressed, so your budget goes into finishes that drive value — not into problems that just stop the bleeding. That's the difference between a thin deal and a clean spread. Modest repairs put it in rental-ready shape; a fuller cosmetic push sets up a market-level flip.

DISPO NOTES / TERMS

- Occupancy: Vacant — easy access for walkthroughs and contractors

- Utilities: Currently off

- Cash or hard money, quick clean close

- Serious buyers: pricing and comps available on request

Call or message now to lock your walkthrough and get numbers — vacant, turn-ready inventory in this pocket moves fast.