**Chicago South Side** Multi Family HOT Opportunity

[Mitch Smith]

I have a 6 unit complex on the south side with tremendous upswing. Property is located 2 miles from the University, directly adjacent to the Garfield station for easy commuting, and is across the street from one of the two remaining proposed locations for the Presidential library. Either location is close and will bring value, jobs and investor dollars to the area. 

The units are all 3 and 4 bedrooms and between 1300 and 1500 square feet. These units comp at between $70 and $100/sq. ft. These units will rent for an average of $1,100 to $1,300 per month.

Purchase Price $280,000 for the complex

Construction 110k for improvements (high estimate)

ARV $500,000 (conservative)

Holding and Closing $25,000

** ROI  21% to 25%

Please feel free to call, text or email for more info.

Mitch

(858) 361-0585