$180,000 · CHICAGO, IL 60623
Works for flippers · Works for landlords

Available

$180,000Asking price

4 bd · 2 ba · 1,932 sq ft · built 2003

CHICAGO, IL 60623

Contract on file

via InvestorLift Classic

6 views · listed Sep 17

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $300,000
Asking price: −$180,000
RepairsMiddle of the seller’s $20,000 – $25,000. Ours: $26,000 – $54,500: −$22,500
Loan, holding, closing20% down, 12% interest, 2 points, 69 days: −$20,547
Profit25.7% of ARV · flippers want 10%+: $76,953
Works

Works for a flipper up to $224,000.

REAL AND RARE HOME BUYERS

Gabriel Gonzales

No reviews yet

Comps

Sales

Rents

ARV $300,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $320,000.

The sales behind this value are shown to members.

ARV $300,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

REAL AND RARE HOME BUYERS

Gabriel Gonzales

No reviews yet

Seller Description

Excellent value-add opportunity featuring two units, each with 2 bedrooms and 1 bathroom.

One unit is currently tenant-occupied by a MTM tenant (rent being paid is $935.00/m), providing immediate rental income, while the second unit will be delivered vacant—ideal for an owner-occupant, renovation, or placement of a market-rate tenant.

The property requires limited repairs and offers strong upside through rent increases and strategic improvements. Great opportunity for investors looking to add a solid two-unit property to their portfolio.

Requires 24 hour notice to view property.

Assignable contract—cash or hard-money buyers only. Buyer to complete all due diligence and verify property details.

Contract Gabriel Gonzalez for Details (661)343.7663