🏚THIS IS A GREAT RENTAL OR FLIP 🔄

Located in Chicago IL 60620 features this  6 bed 2 bath home with endless potential. This property sits on a nice .055 acre  lot with plenty of space for any occupants to park.  The house has been structurally maintained with over the years and could be used as a great rental or a quick cosmetic flip! This is fully occupied where both occupants are paying month-to-month at  $1000/month. There is so much development going on in the area, so DO NOT MISS THIS OPPORTUNITY!

NO HOA

ARV- 350,000 💰

COMPS: 🏠 SOLD IN THE PAST 6 MONTHS WITHIN 1 MILE ⬇️

3707 Michigan Ave Chicago IL - 340k (Updated)

⬆️MOST COMPARABLE BY SIZE. SAME BED/BATH/SQ FT!!⬆️

4212 South Union Ave Chicago IL- 325k (Updated)

⬆️ HAD A LIGHT COSMETIC REHAB AND IS LESS THAN 1 MILE ⬆️

7309 South Union Ave Chicago IL- 380k (Full Reno)

⬆️FULLY RENOVATED AND IS HAS THE SAME LAYOUT AS SUBJECT PROPERTY ⬆️

FIX AND FLIP: 🛠 like the comps above ⬆️

Rehab Cost:50K-55K USING QUALITY MATERIAL

Drywall

Fixtures

Kitchen and Bathroom Update

Floors (replaced or redone)

Paint

RENTAL READY: 💸

Rental Cost: 10k or less

Interior Paint

Drywall

Cleaning

Optional Kitchen and Bathroom update

RENTS ARE REFLECTING ANYWHERE FROM $1300-1600/MONTH PER UNIT (Depending on Condition)

✅CHECKS OFF THE 1% RULE✅

CLOSING DATE: 10/25/2024 OR SOONER

The property is currently OCCUPIED. If you would like to see the house, please contact us directly to schedule an appointment.

THIS PROPERTY IS OCCUPIED BY MONTH TO MONTH TENANTS. IF YOU WOULD LIKE TO KEEP THEM IN THE PROPERTY THEY ARE WILLING TO CARRY 1000/MONTH IN AS-IS CONDITION. YOU CAN ALSO VACATE THEM WHEN THEIR MONTHLY LEASE IS EXPIRED TO START RENOVATIONS!

THIS DEAL IS GOING TO SELL FAST. SUBMIT ANY INQUIRIES TO FURTHER DISCUSS!

Buyer is to cover all closing costs related to the transaction. Sight unseen offers are welcome and property tours are to be scheduled directly with us.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.