Updated over 7 years ago on .
Solid 2Unit building with Lots of Equity and Cashflow Potential
Tired Landlord wants out
Tons of equity and cashflow potential in this brick 3 Unit Building.
Already in great condition. Vacant building waiting for the right tenants.
Previously listed but buyers were turned off by bad tenants. All tenants have been recently evicted.
Keep as is for a 3 unit with
First Floor
Unit 1 3bed 1bath
2nd floor
Unit 2A 1bed 1bath
Unit 2B 2bed 1 bath
Or
Finish the basement for a complete duplex of the first unit and have a 3 unit with
Unit 1 5bed 2 baths
Unit 2A 1bed 1bath
Unit 2B 2bed 1 bath
Purchase Price 105k
Repairs 8-10k for light rehab on current units. Paint, some drywall, some light fixtures.
Or Finish the basement (25k) for more income.
ARV 185k
Comps
6947 S VERNON Ave CHICAGO, IL 60637 Sold Dec. 2017 200k
7145 S RHODES Ave CHICAGO, IL 60619 Sold Sept. 2017 200k
7223 S CHAMPLAIN Ave CHICAGO, IL 60619 Sold Aug. 2017 215k
Link for more pictures and video
https://drive.google.com/open?id=0B1SHFuNGEbBZMDh2RjFMTGU5c1E
Lets Make A Deal!
Contact me ASAP
Erik Biatti
President
New Leaf Real Estate Solutions Inc.
312-874-0506
[email protected]