JV Opportunity – Kankakee Triplex (Owner Direct)

[Susan V.]

JV Opportunity – Kankakee Triplex (Owner Direct)
Property Address: 491 S Chicago Ave, Kankakee, IL 60901

Seeking an experienced investor/rehabber for a joint venture on a triplex with strong upside.

• Payoff: $89k
• Rehab: $33k–$55k
• ARV: $205k
• Current equity: $60k–$115k

JV Structure:
• Partner brings ~$98k to close
• Partner manages rehab + contractors
• I contribute the deal + existing equity
• Profit split: 50/50 at sale

Timeline:
• Closing in cash through escrow on or by July 29

This is an equity JV partnership — not a wholesale assignment.