Chicago, IL Duplex | $75,000 Net Equity

Cook County, Chicago, IL, 60621
Sold
Listed at: April 25th, 2024
Price
$135,000
ARV
$210,000
Gross Margin
$75,000
Sq. Footage
1164
Type
Single-Family
Parking
Driveway
Year build
1890
Lot size
0.07 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

End Buyers Only
Chicago, IL, 60621 - DUPLEX

Investment Opportunity + Leaseback:
Asking Price: $135,000

Market Value ($210,000) - Asking Price ($135,000) = Net Equity ($75,000)
Total Prepays at Closing: $1,600
Monthly Rent per Unit:
Unit 1 $850 / Month
Unit 2 $750 / Month
Total rental monthly income: $1,600

3 BD / 2 BA
Sq. Ft: 1164
Lot size (Acres): 0.07
Year Built: 1890
Seller wants to stay as a tenant

Pre-approved Financing:
80% LTV DSCR Loan
Cash to Close (Estimated) = $46K - $50K

Why buy this property?
Chicago Midway International Airport 5.53 Mi

Shopping and dining 1.8 Mi
Schools 2.25 Mi
Chicago State University 4 Mi
Hospital .9 Mi
I-94 Express 1 Mi

Low Crime Rate
Investment Potential
Proximity to Work
Good Schools
Community Amenities

For more info: Text Juan Basto at 786-490-2402

Important Purchase Terms:
The information provided about properties is sourced from public records including property card and property tax records. We make no representations of any kind. Buyers are strongly advised to conduct their own due diligence before making an offer. A non-refundable earnest money deposit of $2,500 of the Asking Price and a signed purchase agreement are required to proceed with an offer. Our standard policy is an 'as is' sale with no contingencies or inspections, unless otherwise specified. Close as soon as the title is ready (approx 7 days). It is our company policy that the buyer pays for all closing costs including the title insurance fee.

 

DISCLAIMER:
DO NOT CONTACT THE OWNER/SELLER WITHOUT OUR EXPLICIT CONSENT. ANY ATTEMPTS TO RENEGOTIATE OR CONTACT THE SELLER WILL RESULT IN LEGAL ACTION

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

Juan Basto

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