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Updated over 8 years ago on . Most recent reply

User Stats

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

Brick 2 Flat - Cashflow $2K/m in 60615 - Asking $119K - ARV $250K

Sam Tfaily
  • Chicago, IL
Posted
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The Best Wholesale Real Estate Deals in Illinois
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Property Address: 5032 S Prairie Ave, Chicago, IL 60615
  • Neighborhood: South Side
  • Township: Hyde Park
Asking Price: $134,900

ARV: $265,000

Type: 2 Units Brick Multi-Family with full basement

  • First Floor - 3 bed - 1 bath $1000
  • Second Floor - 3 bed - 1 bath $1000
  • Basement - Open floor (Could be converted into 3rd unit)

Lot Size: 24 x 161 ft

This property is located in the corner of Hyde Park where all the Check out this Cash Flowing brick 2 units with high equity in Chicago, IL. Fully occupied with $2,400 in rent monthly.

Don't let this deal get out of your hands. There are only 4 available properties on the market within half mile radius and this is the best out of the 4.

This property is priced to sell, with ARV over $200,000 and there is enough equity to rehab, 100% refinance and hold this deal and still 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 12 months.

Here are some 2 Units Comps:

  • 4743 S Wabash Ave , Chicago, IL 60615 - Sold on 12/2015 for $320K
  • 4823 S Calumet Ave , Chicago, IL 60615 - Sold on 05/2016 for $196K

Here are some 3 Units Comps:

  • 5431 S Indiana Ave , Chicago, IL 60615 - Sold on 08/2015 for $265K

Email/Call me 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
  • This is an IRA Qualified investment

Offering

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