🔥🏠 Multi-Family Investment in Chicago IL (Logan Square) 🎯📢

Chicago, IL, 60647 view full address
For Sale
Listed at: October 16th, 2024
Price
$500,000
ARV
$800,000
Gross Margin
$300,000
Sq. Footage
2160
Type
Multifamily
Parking
Detached Garage
Year build
1885
Lot size
0.07 acres
Bedrooms
8
Bathrooms
4
Half Bathrooms
0
Summary

🔥🏠 Multi-Family Investment in Chicago IL (Logan Square) 🎯📢

8 Bed x 4 Bath Available on North Artesian Avenue, Chicago, IL. 60647

Asking Price- $500,000

ARV ~ $750k - $800k

SQFT- 2,160

Year Built: 1885

Notes-

  • 2-flat multifamily building
  • Condition: Needs work, with primary rehabs and updates needed in bathrooms and kitchens
  • Electrical work: Required in 1 unit
  • Roof: In good condition
  • Occupancy: Delivered vacant
  • Attic apartment: Decent condition, needs updates
  • Basement: Full, English, finished
  • Garage: Detached, with 2 spaces
  • Area: Logan Square

This 2-flat multifamily property on N Artesian Ave, Chicago, IL 60647 presents a significant investment opportunity with an ARV of $750k-$800k. The first floor and basement are gutted and will need a full rehab including plumbing and electrical updates. The attic is in decent condition but requires some kitchen updates and paint work. The building also has a detached garage with 2 spaces and a finished English basement.

Don't miss out !! 📢📝🎯💰🚀

Comps-

2456 W Moffat St, Chicago, IL 60647 - $925k
2448 N Artesian Ave # 1, Chicago, IL 60647 - $785k
2962 N Oakley Ave, Chicago, IL 60618 - $700k

Closing will be on or before 10.30.24

Please contact me directly for more questions.

Jake Zec
TruOffer
708-847-6558
jake@truoffer.co

 

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Disclaimer:

House is being sold as-is, and the buyer is to pay all closing costs.

$10,000 Non-Refundable earnest money to be deposited by NOON of the following day or contract will be canceled. Buyer must close with cash or a hard money loan.

The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.

Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer's responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer's responsibility and they should be diligent in determining market value.

REALTORS:

If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.

WHOLESALERS:

If you'd like to JV on this deal send us a text message, email, or call to let us know you are going to be sharing our deal with your investors.

 

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Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Jake Zec

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