🏠💰Low Cost + Light Rehab = Easy Profit | 50K+ Spread 💸 | Harvey IL!

Cook County, Harvey, IL, 60426
Sold
Listed at: August 12th, 2024
Price
$28,000
ARV
$85,000
Gross Margin
$57,000
Sq. Footage
640
Type
Single-Family
Parking
Driveway
Year build
1926
Lot size
0.07 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Address: 271 E 148Th St, Harvey, IL, 60426

Single Family Home - 2 bedrooms / 1 bathroom   

Property is Occupied. Contact the Dispo Manager for access. Closing Vacant

Deal Takeaways:

  • Super low cost
  • Easy to sell a flipped property at this price point 
  • New wireing 2 years,  New Heating systems,  New plumbing,  New windows
  • Needs roof repair/replacement, front steps, cosmetic
  • Current tenant paying $1,000 a month, vacating to a new home

Comps:

  • 331 E 147th Pl, Harvey, IL 60426 - Sold for $84,000
  • 14845 Lexington Ave, Harvey, IL 60426 - Sold for $70,000 
  • 29 E 152nd St, Harvey, IL 60426 - Sold for $100,000
  • 318 E 147th Pl, Harvey, IL 60426 - Sold for $49,000 (as-is sale, not newly rehabbed) 

Financials:

ARV: $85,000

Purchase Price: $28,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $85,000

(*) 94% for sale commissions

(-) $28,000 purchase price

(-) $30,000 estimated flip/rehab costs

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

(=) $16,900 profit

Property Details:

640 Home Square Feet

3,124 Square Feet Lot Size

Closing on Sep 12th, 2024

Plumbing/electrical/foundation are all good 

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