Wholesale Deal In South Suburb Chicagoland Area
12901 S. Carpenter Calumet Park, IL. 60827
Asking Price: $65,000.00
Single Family Home
Beds: 4
Baths: 2
Floors: 2 Split Level
Sq. Ft. 1,400
Year Built 1970
Garage – 2 Car Detached
Lot size: 3,780
Taxes: $5,600
This Single Family home is a great deal priced well below market value in a very quiet area of Calumet Park. Asking $65,000. After Repair Value $120-130k. Property has been recently renovated and needs no repairs-new roof, upgraded electrical, plumbing, furnace, hot water heater, and so much more. Even includes appliances-excluding stove. Put your own personal renovation touches to get top $$ for a quick flip!!! Don’t miss this great opportunity. Can rent for $1,400-1,500 per month.
| The Numbers: Fix and Flip | |
| PURCHASE PRICE | $65,000.00 |
| REPAIRS (Personal Cosmetic Upgrades Only) | $10,000.00 |
| HOLDING COSTS (5%) | $3,250.00 |
| CLOSINGS COSTS (6%) | $3,900.00 |
| REALTOR FEES (7%) | $4,550.00 |
| RESALE PICE | $120,000.00 |
| POTENTIAL NET PROFIT$$$$$$$$$ $33,300.00 |
| The Numbers: Buy and Hold | |
| Purchase price | $65,000.00 |
| Taxes | $5,600.00 |
| Closing costs (5%) | $3,900.00 |
| Operating expenses (7%) | $4,550.00 |
| Vacancies/maintenance (7%) | $4,550.00 |
| Rental income | $1,450 per month. $17,400 per year. |
| Net cash flow $2,700.00 per year |
The Comparables:
- 1.12448 S. Laflin Calumet Park, IL. 60827. Sold: 5/14 $116k
- 2.12351 S. Loomis Calumet Park, IL. 60827. Pending: 12/14 $129,900
- 3.12621 S. Bishop Calumet Park, IL. 60827 Pending: 12/14 $129,900