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60428, IL

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60428, IL

$120,000 · MARKHAM, IL 60428
Works for flippers · Works for landlords

Available

$120,000Asking price

3 bd · 1 ba · 1,000 sq ft · built 1961

MARKHAM, IL 60428

No contract on file

via InvestorLift Classic

2 views · listed 3 days ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $190,000
Asking price: −$120,000
RepairsMiddle of the seller’s $15,000 – $30,000. Ours: $15,500 – $32,000: −$22,500
Loan, holding, closing20% down, 12% interest, 2 points, 69 days: −$13,398
Profit17.9% of ARV · flippers want 10%+: $34,102
Works

Works for a flipper up to $134,000.

SENDFLIP LLC

Michael Fazio

No reviews yet

Comps

Sales

Rents

ARV $190,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $146,000.

The sales behind this value are shown to members.

ARV $190,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SENDFLIP LLC

Michael Fazio

No reviews yet

Seller Description

OFF-MARKET FLIP OR RENTAL OPPORTUNITY – Markham, IL 60428

TEXT Mike @ 815.600.4370 to submit your offer or ask questions!

Single-family home offering both resale upside and strong projected rental income in Chicago’s south suburbs.

**** Hermitage Ave, Markham, IL 60428

Asking Price: $120,000

ARV: $190,000

Projected Rent: $2,250/Month

Projected Annual Rent: ~$27,000

Property Details

3 Bedrooms
1 Bathroom
1,000 Sq Ft
7,928 Sq Ft Lot
1961 Build
Single-Family Home
Off-Market Opportunity

Investment Highlights

Approximately $70K between the asking price and projected ARV
Potential rent of approximately $2,250 per month
Projected gross annual rent of approximately $27,000
Functional three-bedroom layout
Manageable 1,000 sq ft footprint
Large 7,928 sq ft lot
Potential fix-and-flip or buy-and-hold strategy
Opportunity to add another property to an investment portfolio in Chicago’s south suburbs

This property offers multiple potential exit strategies for an investor looking to renovate and resell or hold for monthly cash flow.

Property Photos

View Property Photos

TEXT Mike @ 815.600.4370 to submit your offer or ask questions!

Terms

Cash only. Property comes in “AS-IS” condition. Buyer pays all closing costs and escrow fees.

Open escrow with a $5,000 non-refundable earnest deposit by cashier’s check made payable to our title company of choice.

Wholesalers and Realtors: Please add your fee before sending out. The advertised price is net to the seller.

Buyer must verify all information. Seller makes no claims or warranties, expressed or implied. Buyer must perform all due diligence and hold the seller harmless.

Wholesale price is a net-to-seller price. No SPDS, no CLUE report, and an as-is sale. Properties may be owned, controlled through an equitable-title position, assigned, or co-marketed on behalf of an affiliate.

None of the information above is deemed guaranteed and is provided for informational purposes only. Seller and its members or representatives make no guarantees concerning property condition, value, rental income, characteristics, or financial benefits.