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Wendell De Guzman
  • Investor
  • Chicago, IL
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NOT FOR AMATEURS BUT YOU WILL MAKE A BOATLOAD OF CASH - Worth $150K, Yours $25K??!! (not on the MLS)

Wendell De Guzman
  • Investor
  • Chicago, IL
Posted Jul 31 2014, 09:10

Here's one for the record books...but if you have not done your first deal yet, this deal is NOT for you.

The property is worth $150K or more. It's a 3-flat or 3-unit apartment but suffered extensive fire damage. And as such, it's yours for only $24,900.

1unit- 3bed 2bath: median rent accdg to Rentometer is $1,000/mo
2units- 2 bed - 1bath: median rent accdg to Rentometer is $775/mo

The address is 901N Waller, Chicago.

In case you want to fix it up and rent it out, here's a snapshot of the Cashflow Analyzer:

Here's the link to the pictures.

http://901wallerchicago.blogspot.com/

If in case you want to tear down the place and develop it, here's the lot plan:

If you're a PRO and can handle the extensive repairs ($60K+) or if you're a developer, email me your PROOF OF FUNDS and a purchase contract at [email protected].