$$$ THIS CAN BE A GREAT CASH COW $$$
1621 S Drake Ave Chicago, IL 60623
ASKING $64,000
ARV Estimate $225,000
Attention Investors and/or Rehabbers!
-Greystone with three units. Located in up and coming North Lawndale. Near Douglas Park (site of Summer Music Festival) Comparable rehabbed units renting for $1300-$1,400/ month. Many recent rehabs in local area. Area amenities include: commuter train, I 290, plenty of area shopping, local police station. Great opportunity for rental or rehab and sell for a 25% profit. Greystone duplex with 7' legal basement. Property requires gut rehab, such as a new roof, Repair or Replace porch, in need of bathrooms on all floors, electrical work and plumbing work, kitchen cabinets. ETC.....
DETAILS:
Property Type: 2-Flat & Legal Basement 7' Ceiling hight.
Year Built: 1908
Beds / Baths: 4/1, 4/1, 3/1 = Total 11Bed + 3Bath
Lot Size (SqFt): 3,125
Building (SqFt): 2,664
Basement: Unfinished
Garage: None - Concrete Slab in rear
Potential Rent: $3,600 /Month
Taxes: $3,661/ Year
CURRENT PICTURES:
https://www.dropbox.com/sh/0adhcr4514x9zoe/AABMKztIpVCYQVj1UA25J0rla?dl=0
SOLD COMPS:
https://www.zillow.com/homedetails/1511-S-Trumbull-Ave-Chicago-IL-60623/2137013978_zpid/
https://www.trulia.com/homes/Illinois/Chicago/sold/1000698749-1301-S-Christiana-Ave-Chicago-IL-60623
ACTIVE COPMS:
https://www.coldwellbanker.com/property/1443-S-Drake-Ave-Chicago-IL-60623/80114721/detail
https://www.zillow.com/homedetails/2103-S-Central-Park-Ave-Chicago-IL-60623/2132668630_zpid/
https://www.zillow.com/homedetails/1550-S-Christiana-Ave-Chicago-IL-60623/2123027352_zpid/
CashCow Group
Melsi Bifsha
773-968-8891
[email protected]
www.cashcowgroups.com