INVESTOR SPECIAL Frame 2-Flat
9148 S Phillips Ave, Chicago, IL 60617, Calumet Heights, Cook County
DISCOUNTED PRICE $59,000
RENT-READY REPAIR Estimate $38,000
ARV Estimate $160,000
GROSS ROI/CAP 27%
PROPERTY INFORMATION
Great opportunity for rental or rehab and sell for a tidy profit. Frame duplex in the very popular and well-kept residential neighborhood of Calumet Heights in Chicago. Close to I-90, schools. grocery stores, popular coffee shops and restaurants, public transit and bike infrastructure. Property requires work such as a new roof, new siding, new bathroom on second floor, some electrical work and plumbing work, kitchen cabinets.
DETAILS
Property Type: 2-Flat
Construction: Frame
Property Class: 2-11
Year Built: 1911
Beds / Baths: 3/1, 3/1
Lot Size (SqFt): 4,725
Building (SqFt): 1,812
Basement: Unfinished
Garage: Detached
Enclosed back porch
Recent upgrades, New front & back porches $9,000, New sewer $4,000.
Potential Rent: $1,100 /month
Taxes: $2,600 (2015)
SOLD COMPARABLES
https://www.redfin.com/IL/Chicago/9211-S-Clyde-Ave-60617/home/13114902
CURRENT PICTURES
https://www.dropbox.com/sh/z3ssseqeuoim058/AACkNA7pX2Se_hX2o_d55Soka?dl=0
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 is required to secure the contract. Buyer pays ALL closing costs. Buyers conduct their own due diligence prior to contracting. We can help with local contractors, lenders, and property management.