🏠💰SFH in Chicago IL 🤑134K Spread 💸

Cook County, Chicago, IL, 60620
Sold
Listed at: July 29th, 2024
Price
$136,000
ARV
$270,000
Gross Margin
$134,000
Sq. Footage
1500
Type
Single-Family
Parking
Detached Garage
Year build
1929
Lot size
0.08 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

Address: 8816 S Laflin St Chicago, IL 60620

Single Family Home - 4 bedrooms / 2 bathroom   

Property is Vacant. Contact the Dispo Manager for access. 

Deal Takeaways:

  • Vacant SFH
  • Cosmetic rehab needed 
  • Garage detached, needs repairs 

Comps:

  • 8825 S Justine St, Chicago, IL 60620 - sold for $370k 
  • 8729 S Loomis St, Chicago, IL 60620 - sold for $232k
  • 8725 S Throop St, Chicago, IL 60620 - sold for $226k

Financials:

ARV: $270,000

Purchase Price: $136,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $270,000

(*) 94% for sale commissions

(-) $136,000 purchase price

(-) $45,000 estimated rehab costs

(-) $5,000 esti. closing / holding cost

(=) $67,800 profit

Property Details:

1,500 Home Square Feet

Closing on August 30th, 2024

HVAC 10 years old

Plumbing/electrical/foundation are all good 

Tenant just vacated after 6 years

Padua Partners Acquisitions assumes no liability for the accuracy of any estimates or information provided. End buyers must conduct own due diligence. The property is to be sold as-is. Proof of funds is required. Cash or hard money only. End buyer pays all closing costs and fees associated with this transaction. $5,000 Non-Refundable EMD needed to secure the contract.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Samuel Wooten

No reviews

Disposition manager