CHICAGO GUT REHAB 6 BR 2 BA with FREE MANAGEMENT and WARRANTY!

[Eric S.]

My name is Eric and I have been a rehabbing buy-and-hold investor since 2003 on the South Side of Chicago. May 1st I will be done with a great rehab project for either a local or a remote investor, brand new or experienced. I originally bought this to keep since I rehabbed and own the house next door in 2008. The home is a 6 br, 2 ba or a 5 br 2 ba with an office. There are no bedrooms in the basement, which is unfinished. I can provide up to date pictures upon request.

I will begin marketing this house for rent May 1. I have another 6 bedroom house in a different neighborhood that rents for $1850, so I am expecting rent to be anywhere from $1650-$1850.

Morgan Park is one of my favorite neighborhoods to invest in. It is quiet and safe with mainly single family homes. A huge new mall, Marshfield Plaza, as well as Morgan Park High School and the home of the Jackie Robinson West baseball team attract tenants. I own the majority of my investments here. This 5-6 bedroom is very rare in this neighborhood, and would make a great related living situation.

Taxes are $1806 per year, but are incorrectly assessed and will be appealed. I will help you get insurance on the property. I have done a lot of research on insurance coverage in the last couple of years, and have a lot of options.

I am offering a 1 year builder’s warranty on the workmanship, and I am willing to manage the property for free for 2 years. I am also willing to share my network with you if you are interested, as well as help guide you over the 2 years if you are interested in my assistance. As fellow investors, we would be working together to maximize profits and retain great tenants.

After May 1st, I will be working on a very similar project right around the corner. This property will have similar numbers.

I have had a great experience investing on the South Side, and I look forward to sharing that with another investor, whether near or far.