Here is the deal Top! Property Address: 3607 Madison Street, Bellwood, IL 60104 - County: Cook
- Asking Price: $69,900
- ARV if Converted to SFH: $175K
- ARV As 2 Units: $150K
NOTE: This property is currently 2 Units but Zoned as Single Family Home - Unit 1: 2 Bed / 1 Bath
- Unit 2: 3 Bed / 1 Bath + Full Attic
- Basement: Crawl Space
- Lot Size: 35X125
- 2014 Taxes: $6,980
This deal on Madison St in Bellwood will be a great addition to your Buy & Hold portfolio. It's a 2% deal, in a low crime neighborhood! All in around $110K - $120K and you can rent both units for a combined $2,200 - $2,400 a month. The property was built as a 2.5 story SFR. But the last owner converted the property into a 2 Flat. So the property is ready for you to come in with a fast, light rehab so you can get tenants in quickly. Or, you could just flip it as a SFR and make $30K profit. The next cheapest deal in this neighborhood is listed for $94K! Act fast because this one won't last long! Comps are within .65 miles of the subject property and were sold within the last 12 months. Single Family Comps: - 3509 Madison St , Bellwood, IL 60104 - Sold for $180K on 06/2016
- 248 Bellwood Ave , Bellwood, IL 60104 - Sold for $175K on 04/2016
- 226 Zuelke Dr Bellwood, IL 60104 - Sold for $172K on 11/2015
2 Units Comps: - 221 27th Ave , Bellwood, Illinois 60104 - Sold for $155K on 07/2016
- 221 27th Ave , Bellwood, Illinois 60104 - Sold for $148K on 08/2016
- 2728 W Wilcox St, Chicago, Illinois 60612 - Sold for $132K on 06/2016
For more information and pictures call Sam at 847.752.4757 |