seller-financed investment opportunity

Cook County, Chicago, IL, 60621 view full address
For Sale
Listed at: September 30th, 2024
Price
$105,000
ARV
$310,000
Gross Margin
$205,000
Sq. Footage
1760
Type
Single-Family
Parking
On street
Year build
1895
Lot size
0.08 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

🏢 Property Details

  • Investment Opportunity: 6840 S Emerald Ave, Chicago, IL 60621

    Property Overview

    • Address: 6840 S Emerald Ave, Chicago, IL 60621
    • Type: Apartment – 3 bedrooms, 1 bathroom, 1,760 sq. ft.
    • Condition: Full rehab required, presenting an ideal value-add opportunity
    • After-Repair Value (ARV): Estimated at $310,000
    • Rental Income Potential: Excellent for investors aiming for strong cash flow post-renovation

    Cash Deal Summary

    • Asking Price: $105,000

    Investment Highlights

    • High Profit Potential: Purchase at a competitive price with the potential to reach a $310,000 ARV after renovations.
    • Quick Close Advantage: Perfect for cash buyers prepared to act fast on a high-potential, distressed asset.
    • Flexible Exit Strategies:
      • Fix-and-Flip: Renovate and resell for a solid profit margin.
      • Buy-and-Hold: Exceptional rental appeal in a desirable market, offering stable cash flow post-rehab.

    Next Steps

    If this opportunity aligns with your investment strategy, I’d be glad to provide additional details or arrange a property walkthrough. Don’t hesitate to reach out for further information on rehab projections or a detailed ARV analysis.

    Looking forward to connecting!


 

**Disclosure: We are in possession of an assignable Purchase & Sale Agreement that will allow us to purchase this property. We are offering the contract for purchase, as we hold an equitable interest in the contract. We may choose to assign at closing, or, double close. The price includes both the contract purchase as well as the original property purchase. Regardless, the closing process at the title company is the same as usual. We have already opened escrow and started the file, and intend to purchase this property whether we re-sale to you or not.   No conventional financing allowed. Cash, HELOC, or private lending only. We may consider an offer if you have a very cooperative hard money lender. Price is net to the seller, buyer pays all closing costs, property sold in as-is condition, the buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Agents, please add your commission to the price when marketing to clients. Wholesalers, please contact us if you have interested buyers. The opinion of value is given as a courtesy only, as the seller makes no guarantees or warranties, express or implied, as to the value or condition of the property.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Will Bellebranche

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Disposition manager