Description

Great of Cashflow in this deal. Could return your investment in less than 2 years of owning this property. 3 of the 4 units are currently rented below market value with good long term tenants (Been there for over 7 years) paying $1,400 per month.

The forth unit is vacant and ready for you to repair it and rent it for market value ($800 - $900/month).

This property is priced to sell, with ARV over $160,000 there is enough equity to rehab, 100% refinance and hold this deal and cash flow.

Drive by without disturbing tenants, or call/email to schedule a full walk through.

Sold comps are within .5 miles from the subject property and have been sold within the last 6 months.

Here are some 2 Units Comps (Note the subject property is 4 units):

  • 235 S Seeley Ave , Chicago, IL 60609 - Sold on 02/2016 for $210K
  • 2107 W 50th Pl , Chicago, IL 60609 - Sold on 07/2016 for $144K
  • 5022 S Loomis Blvd , Chicago, IL 60609 - Sold on 03/2016 for $140K



Property Details

Property Status Expired
Price $29,900
Estimated Repairs $20,000
Square Footage 3000
Sq Footage Source other
# of Units
Property Management In Place
Seller Financing Available
Publish Date October 5th, 2016

Seller Information

Sam

Member since September 2016


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Seller assumes all responsibility for the content of this listing.