Chicago, IL | 4 bed / 2 full + 2 half bath SFR (1,806 sq ft). ARV $335,000 with a 71% discount below ARV at a $98,000 ask.
Flip numbers: comps-backed ARV $335,000. With the current entry price, the projected flip profit is $66,573 with an estimated 25% ROI (20% margin), leaving meaningful spread for a full reposition.
Rental numbers: estimated rent $2,675/mo. Projected monthly cash flow is $1,047 with a 19.2% cap rate and 64.1% cash-on-cash return (based on 20% down, 7% rate, 30-year amortization, 20% expenses, and 8% vacancy).
Condition is a full gut. Budget a full renovation to bring the property up to ARV and capture the spread.
Cash or hard money preferred with a quick close.
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Nearby Markets12 cities · 8 counties · 12 ZIP codes
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ARV $335,000
Backed by comps
Investimate’s value for the 12 sales the seller picked.