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Erik Biatti
  • Real Estate Investor
  • Chicago, IL
5
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34
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Solid 2Unit building with Lots of Equity and Cashflow Potential

Erik Biatti
  • Real Estate Investor
  • Chicago, IL
Posted Jan 23 2018, 10:23

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]

www.newleafchicagoland.com

Offering