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@beginagainhomes.com

Member since September 2016

Do your research before making any investment!

Seller assumes all responsibility for the content of this listing.