Updated over 8 years ago on .
INVESTOR SPECIAL / TURNKEY -MIX-USE 2-Units / PP$189K ARV$260K
6029 S Archer Ave, Chicago, IL 60638
Garfield Ridge, Cook County
DISCOUNTED PRICE $189,000
RENT-READY REPAIR Estimate $6,000
ARV Estimate $260,000
PROPERTY INFORMATION
Commercial space with apartment on 2nd floor. Commercial space can also be used as an apartment as it has 2 bedrooms, one bathroom, a kitchen and the living room at front. Kitchens and bathrooms updated 2 years ago. Furnace 1 year old, roof 5 years old, all new plumbing and electrical wiring. $6,000 repair estimate to finish basement.
PROPERTY DETAILS
Property Type: Brick Commercial/Residential
Zoning: Property class 2-12 (Can build up to 6 apartments).
Year Built: 1921
Beds / Baths: 2/1, 4/1
Sq.Ft: 1,840
Sq.Ft Lot: 3,746
Basement: Semi-finished. See pictures.
No garage, has parking at rear.
Potential Rent: $1,200 commercial space, $1,000 upstairs apartment
MONTHLY EXPENSES
2016 Taxes: $3,442
SOLD COMPARABLES
https://www.redfin.com/IL/Chicago/5926-S-Archer-Ave-60638/home/14027437
PICTURES
https://www.dropbox.com/sh/p1iiuh50wbs32je/AAAu82e1z6mU5YnZc0kRy9-Ha?dl=0
We can help with local contractors, lenders, and property management.
We have equitable interest in the property and we are selling our contract. Property is being sold as-is, where-is. All figures expressed either verbally or in marketing material is an estimate. There are no guarantees or assumptions, either made or implied.
CASH or PRIVATE/HARD MONEY BUYERS only. Email POF in order to view the property. $2,500 NON-REFUNDABLE earnest money check is required to secure the contract. Buyer pays ALL closing costs. Buyers conduct their own due diligence prior to contracting.
CASH COW GROUP
Melsi Bifsha
773-968-8891