🔥🏠 Ideal Multi-Family Flip in Chicago IL (S May St.) 🎯📢

4 Bed x 2 Bath Available on South May Street, Chicago, IL. 60621

Asking Price- $60,000

ARV ~ $290,000

SQFT- 2,216

Year Built: 1920

Notes-

Full gut renovation required
Vacant for 13 years with fire damage on the first floor
2,216 sq ft brick structure with 2x1 units and garden unit
Slab foundation with a detached garage

This 2,216 sq ft brick 2-flat includes two units, each featuring 2 bedrooms and 1 bathroom, plus a garden unit. However, the building has been vacant for 13 years, and it requires a full gut renovation due to fire damage on the first floor. The property sits on a slab foundation and includes a detached garage, providing added value after the necessary repairs are made.

With an ARV of $290,000, this property has significant potential for a strong return on investment, especially for those experienced in handling fire-damaged buildings. Situated in the Englewood neighborhood of Chicago, this area is known for ongoing revitalization efforts and development, offering potential for long-term gains as the community continues to improve.

This property represents a major project for a committed buyer, but the location and potential return make it a worthwhile consideration for those willing to invest the necessary time and resources.

Don't miss out !! 📢📝🎯💰🚀

Comps-

6707 S Peoria St, Chicago, IL, 60621- $307k
6710 S Parnell Ave, Chicago, IL, 60621- $305k
6942 S Ada St, Chicago, IL,60636-3504- $335k

Closing will be on or before 10.01.24

Please contact me directly for more questions.

Jake Zec
TruOffer
708-847-6558
jake@truoffer.co