WHOLESALE PRICING ON CHICAGO BRICK BUNGALOW-AUBURN GRESHAM AREA
Here is a new off-market property that I want to get rid of quickly. You can rehab it and sell it retail to a homeowner or you can renovate it for cash flow as a rental in a desirable neighborhood. It sits on a quiet block in a desirable location near metro lines & other public transportation, major expressways, as well as shopping centers, which all are desirable to local residents. If you look at the CMA, there were a couple of frame bungalows that were recently rehabbed in the immediate area that sold between $155-175k, so with this being all brick you can adjust the ARV upwards for maximum resale value. The property is in solid shape, but will need a complete renovation to really bring out the value. All contents will removed from the property prior to closing. There are also a lot of pre approved buyers looking for newly rehabbed homes in this area due to its location. Not sure how long this one will last, so if you're interested let me know as soon as you can. Thanks
Address: 8800 S. Union Ave. Chicago **Auburn Gresham Area**
-3bd 2ba
-Brick Bungalow
-Brick 2ca garage
-1,212 sq.ft/ Lot 3,950 sq.ft
-Full Partially Finished Basement
--Already has bathroom and 2bds framed out, just need to be redone
Asking: $55k + Buyer pays ALL closing costs (transfer stamps, title insurance, title company fees)
ARV: $170-175k
-Can adjust value upwards since this is a brick bungalow as opposed to frame like the comps.
Repairs: $70-75k for flip, $35-40k for rent
**It would need a roof on the house and garage, new doors on garage, along with a complete interior remodel to the property. Attic is finished as well for extra bedroom with skylight. Basement already has bathroom, so you won't have to run new plumbing but tap into existing water lines and drains. You also have room to add bedrooms (2 already framed out), living room, and frame out laundry room.
Link To CMA:
http://cloudcma.com/pdf/014a3842188fa63eb2ff71fbac..
Dropbox Link To View More Pictures:
https://www.dropbox.com/sh/3k4r8x2e5yvl0v3/AACPJdB...
ACT FAST, THIS WILL NOT LAST LONG!!! THE FIRST ONE WITH A SIGNED CONTRACT AND EARNEST MONEY GETS THE DEAL!!!!
We have equitable interest in the property and we are selling our contract.
Cash or private/ hard money only. We have lender referrals ready to lend- contact us.
We also have contractors that are licensed, bonded, and insured ready to give you a free quote today.
Buyer pays ALL closing costs which include transfer taxes, title insurance, and title company fees.
Buyer will receive taxes prorated at 100% with a free and clear title. Property being sold "As-Is" with no warranties by Seller.
Please do all of your inspections and due diligence up front before contracting. Feel free to drive past but do not disturb occupants.
Realtors add your commission to the price.
Proof of funds required for viewing.
Do you know someone that would buy this deal?? Please forward this email as we do compensate generously for referrals.
If you have a property you want to get rid of, want a quick sale, and need a buyer-contact us today.
For showings email: [email protected] or text (708) 304-3129
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