HOT MULTI-FAMILY FLIP IN CHICAGO!!

Cook County, Chicago, IL, 60629
Sold
Listed at: June 14th, 2024
Price
$225,000
ARV
$400,000
Gross Margin
$175,000
Sq. Footage
1944
Type
Multifamily
Parking
Assigned
Year build
1927
Lot size
0.09 acres
Bedrooms
5
Bathrooms
3
Half Bathrooms
0
Summary

HOT MULTI-FAMILY FLIP IN CHICAGO!! 

Description:
5 Bedroom 3 Bathroom 1,944 Square Feet Multi-Family Property
Lot Size: 3,750 Square Feet
Year Build: 1929

Property Details:
Exterior: Brick
Roof: 10 Years Old Solid with no leaks with lots life left on it
Water Heater: NEW
A/C Unit: None, needs AC
Foundation, Electrical, Plumbing: All In Great Shape

ARV: $400,000
Estimated Rehab: $80,000-$90,000
Potential Profit: $100,000
Rent Rate According to Comps: Upper Unit $1,700+, Lower Unit $2,200+

Additional Insights:
Area: Hot area with strong appreciation

History: Long time occupied by seller as a rental, ready to sell.
Attention Required: Full Cosmetic Update Needed and New AC needed.
Vacancy: Lower Unit Vacant, Upper Unit Occupied (Month to Month Lease)
Layout: Lower Unit is a 3 Bed 2 Bath and The Upper Unit is a 2 Bed 1 Bath

Starting Price: $225,000
Buy It Now: $235,000
Min EMD: $7,500
ARV: $400,000

CLOSING DATE: 07/09/2024

CALL TO SCHEDULE SHOWINGS 301-788-8176

Photos:  https://photos.app.goo.gl/riAVvLfLtQnjnX9W8

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