Waterfront Rehab Opportunity Algonquin, IL!!! 1 AC lot w/ dock!

[Joe Mueller]

Rehabbers, wholesalers, investors, take a look at this great opportunity in the NW suburbs of IL!

Priced at $200k investor pricing, ARV of $400-450k

Recent comp of a 2/1 cottage within a few blocks 

on 1.75 acres sold in Nov 2015 for $400k

This is OFF MARKET, but will be hitting the MLS by next week!!!

The current owner purchased this home in 2013 for $350k!! Now we are selling it for a giveaway price of $200k!!

This property features:

-4 bedrooms, 1 full bath, 2 half baths

-Detached 3 car garage for all the river toys!

-35 ft of river frontage with a dock in place, on a 1 acre lot that is potentially subdividable!

Exterior in good shape, with updated vinyl siding and 90% new windows (2 need replacement)

What's the rehab needed?

-Interior re-design/re-configure in order to maximize value as the layout needs the right "eye" to bring this beauty back to a more modern lake house feel!

-Kitchen/baths updated, including possibly making it a 3 bedroom and having one of those bedrooms as a master suite with full bath

-Interior flooring in all rooms, electrical hookup as well as new panel

-Well/Septic inspection and possibly re-installation of new

Any questions, email me direct to the address in my signature below or PM me!

Survey included!