( OFF-MARKET ) Multi-2Flat ( 5-Units ) 75% occupied/ Gross $2,400

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( OFF-MARKET ) Multi-2Flat ( 5-Units ) 75% occupied/ Gross $2,400

Melsi Bifsha
Vendor · Chicago, IL · Member since 2016 · 137 posts · 9 votes

This property is fully rented. Keep the building as-is and collect the instant cash flow or rehab it for $50,000 to increase its value.

LOW ASKING PRICE ONLY $65,000 HUGE EQUITY AS-IS Estimated at $115,000 ARV:$225,000

PROPERTY DETAILS
Address: 4830 W Superior Ave, Chicago, IL 60644
Property Type: Brick 5-Unit Multi-Family
Year Built:1923
County: Cook
Beds / Baths: 3/1, 1/1, 1/1 + 2 studios
Sq.Ft: 3,027
Sq.Ft Lot: 4,500
Basement: Full (Partially occupied by the owner)
Garage: 3 Car Brick (Needs work)
Recent Upgrades include a 4 year old boiler, water tank replaced 9 months ago, Plumbing-changed to copper one year ago, new electrical wiring in garage and some parts of the property one year ago.
Current Rent: 5 X $600. TOTAL $3000/mo
Potential Rent: 1 X $1100, 2 X $850, 2 X Studios $650, TOTAL $4100/mo
MONTHLY EXPENSES
Taxes: $220/mo
Water: $295/mo
Heat: $285/mo
Electricity: Tenant pays own
Garbage: $38/mo
Insurance: $185/mo

SOLD COMPARABLES
https://www.redfin.com/IL/Chicago/4930-W-Rice-St-60651/home/13278923

https://www.redfin.com/IL/Chicago/4856-W-Superior-...

SIMILAR PROPERTIES FOR SALE
https://www.redfin.com/IL/Chicago/4836-W-Erie-St-60644/home/13264011

https://www.redfin.com/IL/Chicago/4926-W-Erie-St-60644/home/13264162

PICTURES
https://www.dropbox.com/sh/giwsrt4l0yzvgt6/AACejtYwIHrHVhvS0Fn6p4nRa?dl=0

FOR MORE DETAILED INFORMATION, CONTACT:
Melsi Bifsha
Tel:773-968-8891
[email protected]

This is a wholesale deal. We will not co-wholesale. We have equitable interest in the property and we are selling our contract. Cash or private/hard money only. Buyer pays ALL closing costs. Realtors add your commission to the price. Proof of funds required for viewing. The first buyer with a signed contract and earnest money gets the deal.

0Reply
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  • DeNay Ramsey
    Rental Property Investor · Concord, CA · Member since 2016 · 33 posts · 9 votes
    9y

    Hello Melsi, I'm interested in learning more about this property. Could you send more detailed information to my email address, [email protected]?

    Thanks,

    DeNay 

    0Reply
  • Melsi Bifsha
    OP
    Vendor · Chicago, IL · Member since 2016 · 137 posts · 9 votes
    9y

    Hi DeNay

    Above is all info have for the property,what details you referring to ?

    please be more specific 

    Melsi

    0Reply
  • DeNay Ramsey
    Rental Property Investor · Concord, CA · Member since 2016 · 33 posts · 9 votes
    9y

    Hi Melsi,

    What type of lease agreements are the current tenants residing under? Do you have copies of the rent rolls? Are all of the tenants current and how much of a security deposit did each tenant leave with the owner? 

    0Reply
  • John Matthews
    Wholesaler · Chicago, IL · Member since 2016 · 31 posts · 5 votes
    9y

    Hi Melsi, is this property still available?  thanks

    0Reply
  • Melsi Bifsha
    OP
    Vendor · Chicago, IL · Member since 2016 · 137 posts · 9 votes
    9y

    Yes is still available 

    I have all information that you need 

    Send POF at [email protected]

    773-968-8891 

    0Reply
  • Melsi Bifsha
    OP
    Vendor · Chicago, IL · Member since 2016 · 137 posts · 9 votes
    9y
    Originally posted by @Melsi Bifsha:

    This property is fully rented. Keep the building as-is and collect the instant cash flow or rehab it for $50,000 to increase its value.

    LOW ASKING PRICE ONLY $65,000 HUGE EQUITY AS-IS Estimated at $115,000 ARV:$225,000

    PROPERTY DETAILS
    Address: 4830 W Superior Ave, Chicago, IL 60644
    Property Type: Brick 5-Unit Multi-Family
    Year Built:1923
    County: Cook
    Beds / Baths: 3/1, 1/1, 1/1 + 2 studios
    Sq.Ft: 3,027
    Sq.Ft Lot: 4,500
    Basement: Full (Partially occupied by the owner)
    Garage: 3 Car Brick (Needs work)
    Recent Upgrades include a 4 year old boiler, water tank replaced 9 months ago, Plumbing-changed to copper one year ago, new electrical wiring in garage and some parts of the property one year ago.
    Current Rent: 5 X $600. TOTAL $3000/mo
    Potential Rent: 1 X $1100, 2 X $850, 2 X Studios $650, TOTAL $4100/mo
    MONTHLY EXPENSES
    Taxes: $220/mo
    Water: $295/mo
    Heat: $285/mo
    Electricity: Tenant pays own
    Garbage: $38/mo
    Insurance: $185/mo

    SOLD COMPARABLES
    https://www.redfin.com/IL/Chicago/4930-W-Rice-St-6...

    https://www.redfin.com/IL/Chicago/4856-W-Superior-....

    SIMILAR PROPERTIES FOR SALE
    https://www.redfin.com/IL/Chicago/4836-W-Erie-St-6...

    https://www.redfin.com/IL/Chicago/4926-W-Erie-St-6...

    PICTURES
    https://www.dropbox.com/sh/giwsrt4l0yzvgt6/AACejtYwIHrHVhvS0Fn6p4nRa?dl=0

    :

    FOR MORE DETAILED INFORMATION, CONTACT 

    Cash Cow Group

    Melsi Bifsha 

    Tel:773-968-8891

    [email protected]

    www.cashcowgroups.com

    This is a wholesale deal. We will not co-wholesale. We have equitable interest in the property and we are selling our contract. Cash or private/hard money only. Buyer pays ALL closing costs. Realtors add your commission to the price. Proof of funds required for viewing. The first buyer with a signed contract and earnest money gets the deal.

    0Reply
  • Melsi Bifsha
    OP
    Vendor · Chicago, IL · Member since 2016 · 137 posts · 9 votes
    9y
    Originally posted by @Melsi Bifsha:

    This property is fully rented. Keep the building as-is and collect the instant cash flow or rehab it for $50,000 to increase its value.

    LOW ASKING PRICE ONLY $65,000 HUGE EQUITY AS-IS Estimated at $115,000 ARV:$225,000

    PROPERTY DETAILS
    Address: 4830 W Superior Ave, Chicago, IL 60644
    Property Type: Brick 5-Unit Multi-Family
    Year Built:1923
    County: Cook
    Beds / Baths: 3/1, 1/1, 1/1 + 2 studios
    Sq.Ft: 3,027
    Sq.Ft Lot: 4,500
    Basement: Full (Partially occupied by the owner)
    Garage: 3 Car Brick (Needs work)
    Recent Upgrades include a 4 year old boiler, water tank replaced 9 months ago, Plumbing-changed to copper one year ago, new electrical wiring in garage and some parts of the property one year ago.
    Current Rent: 5 X $600. TOTAL $3000/mo
    Potential Rent: 1 X $1100, 2 X $850, 2 X Studios $650, TOTAL $4100/mo
    MONTHLY EXPENSES
    Taxes: $220/mo
    Water: $295/mo
    Heat: $285/mo
    Electricity: Tenant pays own
    Garbage: $38/mo
    Insurance: $185/mo

    SOLD COMPARABLES
    https://www.redfin.com/IL/Chicago/4930-W-Rice-St-60651/home/13278923

    https://www.redfin.com/IL/Chicago/4856-W-Superior-...

    SIMILAR PROPERTIES FOR SALE
    https://www.redfin.com/IL/Chicago/4836-W-Erie-St-60644/home/13264011

    https://www.redfin.com/IL/Chicago/4926-W-Erie-St-60644/home/13264162

    PICTURES
    https://www.dropbox.com/sh/giwsrt4l0yzvgt6/AACejtYwIHrHVhvS0Fn6p4nRa?dl=0

    FOR MORE DETAILED INFORMATION, CONTACT:
    Melsi Bifsha
    Tel:773-968-8891
    [email protected]

    This is a wholesale deal. We will not co-wholesale. We have equitable interest in the property and we are selling our contract. Cash or private/hard money only. Buyer pays ALL closing costs. Realtors add your commission to the price. Proof of funds required for viewing. The first buyer with a signed contract and earnest money gets the deal.

    0Reply
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