$29,000 · CALUMET PARK, IL 60827
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Available

$29,000Asking price

5 bd · 2 ba · 1,848 sq ft · built 1954

CALUMET PARK, IL 60827

No contract on file

via InvestorLift Classic

16 views · 1 saved · listed Nov 7

These numbers look wrong

No verdict until the price, the value and the repairs add up

The Numbers

Listed priceFar under the value. It may be an entry fee, not the price.: $29,000
Listed ARVFrom the listing: $260,000
Listed repairsFrom the seller: $5,000 – $10,000
Our repair estimateFor this home’s size, ZIP and condition: $0 – $19,000

No profit or return is shown until these add up.

TOTAL HOMEBUYERS

Severin Grundvig

No reviews yet

Comps

Sales

Rents

ARV $260,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $413,000.

The sales behind this value are shown to members.

ARV $260,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

TOTAL HOMEBUYERS

Severin Grundvig

No reviews yet

Seller Description

NEW OFF MARKET DEAL CALUMET PARK, ILLINOIS 60827

Phone Number: ******

ASK $29,000.00 entry fee

ARV $260,000.00

*********, CALUMET PARK, ILLINOIS 60827

This property is in "Turn Key" condition. This home could either be a easy flip for an investor or even turned into a rental property. The property is vacant and will be delivered vacant at closing. This property has a loan balance of $174k with a 4.2% interest rate and a monthly PITI of $1,621.63, comparable properties in the area are getting $2,400-$2,700 in rent monthly, so even for a rental you would get $778.37-$1,078.37 a month in positive cash flow. Comparable flips in the area are selling for $260k+.

Property Highlights:

Floor Specs: 5 bedrooms / 2 bathroom
Square-Footage: 1,848
Built In 1954
Heating: 8 years old
Flooring: Hardwood
Roof: 11 years old
Windows: 10 years old
HVAC: 9 Years

Loan Details:

Loan Balance: $174,951.98
Monthly PITI: $1,621.63
Interest Rate: 4.2%

Comps:

12447 S Bishop St, Calumet Park, IL 60827 ( Sold For $290,000 on 1/29/26)
12750 S Aberdeen St, Calumet Park, IL 60827 ( Sold For $280,000 on 7/10/26)
12309 S Loomis St, Calumet Park, IL 60827 ( Sold For $260,000 on 4/22/26)

Message for access and to confirm final asking.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER / SELLER/ OR REALTOR without our explicit consent. Any attempts to renegotiate or make contact with the owner or realtor will result in legal action.