🔥🔥Great Buy & Hold 🏠Cottage in Round Lake Park or Kwik FLIP!🏡💰

Lake County, Round Lake Park, IL, 60073
Sold
Listed at: January 23rd, 2024
Price
$119,000
ARV
$165,000
Gross Margin
$46,000
Sq. Footage
672
Type
Single-Family
Parking
Driveway
Year build
1940
Lot size
5227.00 sqft
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Are you a cash buyer looking for an awesome buy & hold property to add to your rental portfolio? Looking for a quick & easy fix & flip? Cosmetic 5-6k cost. Look no further! Endless opportunities here!

This cute cottage sits on a beautiful DOUBLE LOT in Round Lake Park! 2 bed/1 bath with finished attic flex space. Cottage has curb appeal as is and is in a great neighborhood on a quiet street.

Easily convert the cottage to a 3 bed/1 bath with some creativity and minimal work. Some cosmetic updates are needed (paint, new carpet in the bedrooms & attic, and some new interior doors).

Similar homes in the area that have not been updated have sold in the mid $100’s. With $15k-$50k, this property could easily resell for $165k-$199k depending on your scope of renovations.

Comps:

300 Elder Dr, Round Lake Park, IL 60073 (Sold $199k)

304 Kenwood Dr , Round Lake Park, IL 60073 (sold $160k)

230 Kenwood Dr , Round Lake Park, IL 60073 (Sold $160k)

1430 Ridgeway St , Round Lake, IL 60073 (Sold $161k)

1013 Lotus Dr , Round Lake Beach, IL 60073 (Sold $165k)

109 W Washington St , Round Lake, IL 60073 (Sold $165k)

209 Fairlawn Dr , Round Lake Park, IL 60073 (Sold $172k)

407 E Lake Ave , Round Lake Beach, IL 60073 (Sold $172,500)

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Erik Gimbel

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Disposition manager