Description

Property Address: 5032 S Prairie Ave, Chicago, IL 60615

  • Neighborhood: South Side
  • Township: Hyde Park

Asking Price: $119,900

ARV: $250,000

Type: 2 Units Brick Multi-Family with full basement

  • First Floor - 3 bed - 1 bath - Vacant
  • Second Floor - 3 bed - 1 bath $1,000
  • Basement - Open floor (Could be converted into 3rd unit)

Lot Size: 24 x 161 ft

This property is located in the corner of Hyde Park where all the Check out this Cash Flowing brick 2 units with high equity in Chicago, IL. One unit currently occupied with $1,000 in rent monthly.

Don't let this deal get out of your hands. There are only 4 available properties on the market within half mile radius and this is the best out of the 4.

This property is priced to sell, with ARV over $250,000 and there is enough equity to rehab, 100% refinance and hold this deal and still 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 12 months.

Here are some 2 Units Comps:

  • 4743 S Wabash Ave , Chicago, IL 60615 - Sold on 12/2015 for $320K
  • 4823 S Calumet Ave , Chicago, IL 60615 - Sold on 05/2016 for $196K

Here are some 3 Units Comps:

  • 5431 S Indiana Ave , Chicago, IL 60615 - Sold on 08/2015 for $265K 

Please contact me directly for more pictures. 

For more info call Sam at 847.752.4757

This is a wholesale deal. Do your due diligence before making an offer.

  • The first one with a signed contract and earnest money gets the deal.
  • Buyer pays ALL closing costs. Buyer will receive taxes prorated to 100 percent and free and clear title
  • Please due all your inspections and due diligence up front before contracting.
  • Realtors add whatever fee you want.
  • Proof of funds required for viewing.
  • Do you know someone that would buy this deal please forward this email we do compensate for referrals
  • Do you need money? We have lenders ready to lend. Call us for more details
  • This is an IRA Qualified investment



Property Details

Property Status Expired
Price $119,000
Estimated Repairs $60,000
Square Footage 2760
Sq Footage Source
Estimated ARV $250,000
Estimated Equity $71,000
Bedrooms 6
Bathrooms 2
Year Built 1885
Publish Date October 21st, 2016

Seller Information

Sam

Member since September 2016


Do your research before making any investment!

Seller assumes all responsibility for the content of this listing.