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$149,999 · CHICAGO, IL 60617
Works for flippers · Works for landlords

Available

$149,999Asking price

4 bd · 2.5 ba · 965 sq ft · built 1954

CHICAGO, IL 60617

No contract on file

via InvestorLift Classic

21 views · listed 4 days ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $250,000
Asking price: −$149,999
RepairsMiddle of the seller’s $45,000 – $55,000. Ours: $31,500 – $56,500: −$50,000
Loan, holding, closing20% down, 12% interest, 2 points, 80 days: −$17,556
Profit13.0% of ARV · flippers want 10%+: $32,445
Works

Works for a flipper up to $156,000.

SHERMAN PROPERTY EXPERTS

Tristin McCarthy

No reviews yet

Comps

Sales

Rents

ARV $250,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $161,000.

The sales behind this value are shown to members.

ARV $250,000

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

9118 S Chappel Ave sits in Chicago's 60617 — a brick single-family with the bones that matter already handled. Vacant and ready for your crew, excellent dry full basement, newer mechanicals, and a rehab scope that's cosmetic-to-moderate across the board. This is a forced-equity play for an operator who wants to control the margin and move fast.

DEAL SNAPSHOT

Address: 9118 S Chappel Ave, Chicago, IL 60617

Property Type: Single-Family Residence

Condition: Major Repair — full scope

Occupancy: Vacant

Rehab Estimate (rep, firsthand): $55,000–$65,000

Foundation: Full basement — Excellent, dry

Heating: Furnace, 0–5 yrs, working

Water Heater: 0–5 yrs

Electrical: 100A breakers

Exterior: Brick

Parking: Detached garage

Utilities: All on

INVESTMENT HIGHLIGHTS

- Brick exterior + excellent, dry full basement — the expensive structural pieces are already in your favor

- Newer furnace and water heater (0–5 yrs) — mechanical dollars you don't have to spend

- Vacant with all utilities on — walk it, scope it, start day one

- Detached garage adds value and rentability

- Clean, defined rehab scope verified on-site by our acquisitions rep

REHAB / CONDITION

Full cosmetic-to-moderate rehab. Firsthand big-ticket items: electrical, galvanized plumbing (old faucets/pipes), kitchen (20+ yrs/original), baths (poor), roof (asphalt, fair), original single-pane windows, flooring (carpet/HW/tile, poor), paint, siding, light mold remediation. Basement is dry with no mold seen. Personal property left behind — factor haul-off. Rep rehab estimate: $55,000–$65,000.

WHY THIS DEAL STANDS OUT

The structure, basement, and mechanicals are the costly surprises on most South Side deals — here they're already solved. That makes your rehab predictable and your exit clean, whether you flip it or hold. This is a bread-and-butter 60617 brick SFR for a buyer who wants to add value on their terms.

DISPO NOTES / TERMS

Vacant — easy access for walkthroughs. Cash or hard money. Seller can close fast — 21-day close available. Utilities on for inspection.

Serious cash buyers only — reply now to lock your walkthrough before this one's spoken for.