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Updated almost 9 years ago on .

User Stats

97
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4
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Sam Tfaily
  • Chicago, IL
4
Votes |
97
Posts

Cashflowing $24K/Year in Chicago 60609 - Asking $32K - ARV $160K

Sam Tfaily
  • Chicago, IL
Posted
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The Best Wholesale Real Estate Deals in Illinois
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Property Address: 5256 S Marshfield Ave, Chicago, IL 60609 Asking Price: $29,900

ARV: $160,000

Type: 4 Units Brick Multi-Family

  • Front up - 2 bed - 1 bath $480
  • Front down - 2 bed - 1 bath $475
  • Back up- 1bed 1 bath $450
  • Back down - 2 (small) beds - 1 bath (Vacant)

Garage: 2 Car Detached

Lot Size: 3,125 sqft

Great of Cashflow in this deal. Could return your investment in less than 2 years of owning this property. 3 of the 4 units are currently rented below market value with good long term tenants (Been there for over 7 years) paying $1,400 per month.

The forth unit is vacant and ready for you to repair it and rent it for market value ($800 - $900/month).

This property is priced to sell, with ARV over $160,000 there is enough equity to rehab, 100% refinance and hold this deal and cash flow.

Drive by without disturbing tenants, or call/email to schedule a full walk through.

Sold comps are within .5 miles from the subject property and have been sold within the last 6 months.

Here are some 2 Units Comps (Note the subject property is 4 units):

  • 235 S Seeley Ave , Chicago, IL 60609 - Sold on 02/2016 for $210K
  • 2107 W 50th Pl , Chicago, IL 60609 - Sold on 07/2016 for $144K
  • 5022 S Loomis Blvd , Chicago, IL 60609 - Sold on 03/2016 for $140K

Contact me Directly for more pictures


This is a wholesale deal. Do your due diligence before making an offer.
  • The first one with a signed contract and earnest money gets the deal.
  • Buyer pays ALL closing costs. Buyer will receive taxes prorated to 100 percent and free and clear title
  • Please due all your inspections and due diligence up front before contracting.
  • Realtors add whatever fee you want.
  • Proof of funds required for viewing.
  • Do you know someone that would buy this deal please forward this email we do compensate for referrals
  • Do you need money? We have lenders ready to lend. Call us for more details


Offering