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60636, IL

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60636, IL

$100,000 · CHICAGO, IL 60636
Works for flippers · Works for landlords

Available

$100,000Asking price

4 bd · 2 ba · 1,145 sq ft · built 1912

CHICAGO, IL 60636

No contract on file

via InvestorLift Classic

8 views · listed 4 days ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $275,000
Asking price: −$100,000
RepairsMiddle of the seller’s $75,000 – $90,000. Ours: $67,000 – $111,500: −$82,500
Loan, holding, closing20% down, 12% interest, 2 points, 93 days: −$15,296
Profit28.1% of ARV · flippers want 10%+: $77,204
Works

Works for a flipper up to $146,000.

SHERMAN PROPERTY EXPERTS

Tristin McCarthy

No reviews yet

Comps

Sales

Rents

ARV $275,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $316,000.

The sales behind this value are shown to members.

ARV $275,000

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

5748 S Winchester Ave, Chicago, IL 60636 is a solid brick single-family on the South Side that already has the dirtiest part of the project behind it. The demo is complete — the majority of the house is stripped to the studs and primed for renovation. Vacant, clean, and ready for a crew to walk in and start building value from day one.

DEAL SNAPSHOT

- Type: Single-Family Residence

- Structure: Solid brick exterior (Fair)

- Condition: Full rehab — demo already completed, down to studs

- Occupancy: Vacant

- Foundation: Full basement (Fair)

- Roof: Asphalt shingle, 11-20 yrs (Poor)

- Water heater: 6-10 yrs

- Heating: Boiler, 20+ yrs

- Parking: Carport

- Price / ARV: Available on request

INVESTMENT HIGHLIGHTS

- Demo already done — skip the teardown, time, and dumpster bills and go straight to build-back

- Beautiful solid brick shell — the bones you want for a long-hold flip

- Stripped to studs = clean slate for mechanicals, layout, and a modern finish

- Vacant with utilities off — full, unrestricted access to work immediately

- Strong South Side fix-and-flip corridor with room to force equity

REHAB / CONDITION

Full gut renovation. House is majority down to the studs with demo complete. Expect full mechanical scope: boiler is 20+ yrs, A/C is window units, electrical and plumbing status unknown — budget accordingly. Windows are original single-pane (Poor). Kitchen, baths, flooring, and walls/ceilings all Poor/original and part of the rebuild. Roof is aged and should be in your numbers. Water heater is newer at 6-10 yrs. No mold or pests observed on walkthrough. Full basement in Fair shape adds square footage potential.

WHY THIS DEAL STANDS OUT

Most "full rehab" deals make you eat the demo. This one doesn't. The hardest, least glamorous phase is finished — you inherit a clean brick shell ready for renovation, which compresses your timeline and your front-end cost. That's a genuine entry advantage for a flipper or a build-to-hold investor who wants control over the finish.

DISPO NOTES / TERMS

- Vacant — lockbox/walkthrough access available on request

- Utilities are off; bring a flashlight for showings

- Cash or hard money only; close targeted within ~45 days

- Pricing and terms released to verified buyers — proof of funds required

Serious cash buyers: reply now to lock your walkthrough and get the number before this brick shell is gone.