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60649, IL

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60649, IL

$880,000 · CHICAGO, IL 60649
Works for flippers · Landlords would lose money

Available

$880,000Asking price

3 bd · 1 ba · 1,021 sq ft · built 1961

CHICAGO, IL 60649

No contract on file

via InvestorLift Classic

2 views · listed Nov 6

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $1,255,000
Asking price: −$880,000
RepairsMiddle of our estimate, $0 – $10,500: −$5,250
Loan, holding, closing20% down, 12% interest, 2 points, 62 days: −$92,480
Profit22.1% of ARV · flippers want 10%+: $277,270
Works

Works for a flipper up to $1,022,000.

EPOK LLC

Lars Katle

No reviews yet

Comps

Sales

Rents

ARV $1,255,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $50,000.

The sales behind this value are shown to members.

ARV $1,255,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

EPOK LLC

Lars Katle

No reviews yet

Seller Description

Call Lars at 561-679-4149 for more information

TOTAL DOORS: 8 Units across 4 Separate Duplexes

GROSS IN-PLACE REVENUE: $10,109 / Month ($121,308 / Year) PORTFOLIO ARV: $1,200,000+ (Instant Equity Cushion)

UTILITY STRUCTURE: Separated Meters — Tenants Pay Electric & Gas/Heat Directly

SECURITY DEPOSITS: $0 Escrow Liability (Managed on Non-Refundable Move-In Fee Model)

Photos, interior walkthrough video links, executed lease agreements, and exact address packets are available upon request for verified buyers. Call Lars at 561-679-4149

PORTFOLIO BREAKDOWN:

DUPLEX 1 (Chatham Submarket - 60619):

Unit 1: $1,600/mo (Active Lease)
Unit 2: $1,600/mo (CHA Voucher Approved, Pending Routine Inspection)
Combined Gross: $3,200/mo ($38,400/yr)
Notes: Full City-Permitted gut renovation on record (new electrical, plumbing, HVAC, newer kitchens/baths).

DUPLEX 2 (Grand Crossing Submarket - 60619):

Unit 1: $1,350/mo (Active Lease)
Unit 2: $1,534/mo (Active Lease)
Combined Gross: $2,884/mo ($34,608/yr)
Notes: Established tenancy, personal guarantors on file, zero deferred maintenance reported.

DUPLEX 3 (South Shore Submarket - 60649):

Unit 1: $1,450/mo (Active Lease)
Unit 2: $1,475/mo (Active Tenancy)
Combined Gross: $2,925/mo ($35,100/yr)
Notes: Minutes to lakefront; high-demand rental pocket with low historical vacancy.

DUPLEX 4 (South Chicago Submarket - 60617):

Unit 1: $1,450/mo (Active Lease)
Unit 2: $1,100/mo (Guaranteed CHA Housing Assistance Payment - Month-to-Month)
Combined Gross: $2,550/mo ($30,600/yr)
Value-Add: Unit 2 is significantly under market. Immediate opportunity to bump voucher rent to $1,450+/mo.

INVESTOR HIGHLIGHTS

Instant Cash Flow: Portfolio is generating $10,109/month.

Strong Govt Backing: Includes $2,600+/month in direct Housing Authority (CHA) guaranteed payments.

Split Mechanicals: All properties feature individual furnaces and meters. Landlord is NOT stuck paying tenant heating bills.

Turnkey Management: Professionally managed via Buildium. Turnkey transition available for out-of-state buyers.

Photos, interior walkthrough video links, executed lease agreements, and exact address packets are available upon request for verified buyers. To receive the Complete Diligence Package:

1. Reply directly to this listing or message/call: 561-679-4149

2. Provide Proof of Funds (POF) or lender approval letter.

3. Access is strictly by appointment only — please DO NOT disturb tenants or onsite management. Serious cash buyers only.