🏠💰.64 Acres in Flossmoor | Cosmetic Flip | 100K+ Spread 💸

Cook County, Flossmoor, IL, 60422
Sold
Listed at: August 12th, 2024
Price
$238,000
ARV
$340,000
Gross Margin
$102,000
Sq. Footage
1730
Type
Single-Family
Parking
Attached Garage
Year build
1957
Lot size
0.64 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

Address: 2930 Flossmoor Rd, Flossmoor, IL 60422

Single Family Home - 4 bedrooms / 2 bathroom   

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

Deal Takeaways:

  • Clean property - cosmetic flip only 
  • .64 acres of land in an amazing neighborhood
  • Roof 10 years old | HVAC 6 years old 
  • It needs some work; a few windows, some trim, basement is unfinished, deck needs some tlc, some paint on the walls

Comps:

  • 1033 Braemar Rd, Flossmoor, IL 60422 - Sold for $326,000
  • 1239 Douglas Ave, Flossmoor, IL 60422 - Sold for $295,000
  • 1305 Berry Ln, Flossmoor, IL 60422 - Sold for $340,000
  • 1322 Heather Hill Cres, Flossmoor, IL 60422 Sold for $360,000
  • 2712 Emelia Ct, Flossmoor, IL 60422 - sold for $290,000

Financials:

ARV: $340,000

Purchase Price: $238,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $340,000

(*) 94% for sale commissions

(-) $238,000 purchase price

(-) $20,000 estimated flip/rehab costs

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

(=) $56,600 profit

Property Details:

1,730 Home Square Feet

.64 Acres Lot Size

Closing on Sep 6th, 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