NEW SUB TO OPTION AVAILABLE - LITTLE VILLAGE 3 UNIT

Cook County, Chicago, IL, 60623 view full address
For Sale
Listed at: November 27th, 2024
Price
$325,000
ARV
$475,000
Gross Margin
$150,000
Sq. Footage
2352
Type
Single-Family
Parking
Unassigned
Year build
1903
Lot size
0.07 acres
Bedrooms
7
Bathrooms
3
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

NEW SUB-TO FINANCING OPTION AVAILABLE

$52,000 down at COE (1/15/24)

4 Month Balloon from the day that the last tenant vacates to complete rehab (they will be served with a 30 day notice in the first week of January)

$273,000 principal

 

2 Unit Building plus a Cottage House

Unit Break Down: 

  • 2/1 units
  • Cottage house is a 3/1
  • Each unit is on a month to month lease paying $1100/mo each
  • All tenants have been there for over 12 years 

Both building and coach house have new porches, new Central Heat in both units

The coach house has new windows and new plumbing

 

Comps:

2658 S Ridgeway Ave - $450,000 outdated - 4/29/24

2653 S Lawndale Ave - $450,000 - 2 unit

1936 S Spaulding Ave - $450,000 - 2 unit -11/15/24

 

Showings will be very limited due to tenant scheduling.

 

Contact: 813-537-6756

 

DISCLAIMER: This is an assignment contract. As-is sale. Seller/Assignor makes no warranties. Buyer to perform their own due diligence prior to assignment. Buyer to pay all standard closing costs. A purchasing contract with memorandum has been signed with the seller giving exclusive rights to purchase said property. DO NOT CONTACT THE OWNER/SELLER without our consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

 

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

Josh Le

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Disposition manager