Ace Properties provides discounted off market investment property in Chicago, Northwest Indiana, and South Bend. We are virtual investors, and specialize in investing out of state! We have turnkey rentals with management in place, rentals that need a little work at a significant discount, and sometimes even flips!

We work closely with the most experienced property managers in the area, who will not only secure tenants, but provide all of the construction services you may require to make the most out of each property.

For access to ALL of my properties and regular email updates opt in at my website: WWW.ACENWI.COM.

To inquire about properties or just talk about investing out of state- email me directly @ [email protected]

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Indiana 4-Plex- 5603 Calumet Ave, Hammond IN 46320

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Price: $55,000.00

4-plex in Hammond Indiana, close to Chicago. Has very minor code violations that required 3 of 4 units to be vacated. On a main street, not a glamorous building but will rent and bring in STRONG cash flow. One 2-bedroom unit, two 1-bedroom units, one studio unit + basement. All brick.

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Your Game Plan:

Rental: To lift code violation buyer will need to perform mild-moderate drywall replacement in some units and replace some wood planks/supports on rear porch. Front of building could use freshly painted doors, new wood paneling, and a new awning. Roof is well maintained, minor tuckpointed required near chimney. Plumbing and electrical are up to code and serviceable. Furnaces and water heaters are old but all functioning currently. Some windows have been replaced to dual pane. Interior of vacant units could use general cleanup to get rent ready- paint and floors. These are not long term-vacancies and were occupied until city inspections identified drywall issues.

Est. Cost: $12,000 to remediate code violations and get vacant units rent ready.

Est. Rent: $550/mo current gross. Tenants pay utilities. $2200/mo gross once improved.

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Chicago Duplex! 8706 S Buffalo Ave. Chicago 60617

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Price: $67,000.00

2-Flat in Chicago, each unit is 3 bedrooms, currently rented for $1400, and underrented. These are NOT section-8 tenants. Under section-8, this could rent for a total of $1800-$2000 total per month.

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Your Game Plan:

Rental: No immediate work required. First floor unit has new paint and floors. Both furnaces work, one is new. Some windows already upgraded to dual pane. Roof is halfway through its lifespan.

Est. Cost: $0 immediate. Minor improvements to units as tenants cycle.

Est. Rent: $1400/mo current gross. $1800-$2000/mo potential gross.

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1586 180th Pl, Hammond IN

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Price: $45,000.00

3 bedroom, 1 bath, 1000 sf home in a nice C+ neighborhood of Northwest Indiana- 20 minutes from Chicago! Slab foundation, street & driveway parking.

Ready for viewing: inquire about access

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Your Game Plan:

Rental: Paint interior. Install laminate floors. Basic bathroom remodel (lino floors, simple vanity, pre-fab tub surround). Basic cabinets + laminate countertops in kitchen. Replace some standard windows with dual pane. Exterior paint might help, power washing may suffice. Air conditioning unit requires maintenance, possible replacement.

Est. Cost: $12000.

Est. Rent: $1050/mo

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Flip: Kitchen and bathroom remodel. Paint and floors. Replace or repair AC unit, several new windows. Exterior paint. Doors and trim.

Est. Cost: $18,000.

Est. ARV: $95,000.

***Identical floor plans with a garage are selling for $110k-$115k on the same street.

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530-532 W 18th St. Laporte IN

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Price: $47,000.00

DUPLEX! A 2 bedroom unit and a 1 bedroom unit. This property was just owned by an older gentleman who did a terrible job of managing it. Good neighborhood, nearby homes sell for 120k- 150k.

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Your Game Plan:

Rental: Half of the roof is 8 years old, the other half 15. No leaks, wouldn’t recommend replacing yet. Most of the windows have been upgraded to dual pane- a few still need to be upgraded. Other mechanicals are in good shape. New paint and flooring would be nice, cabinets in kitchens can be cleaned or painted. Bathrooms could use minor updating, but keep it minimal- fresh linoleum, maybe a vanity, and pre-fab tub surround. Furnaces are pretty old, but they work.

Only the 2 bedroom unit is occupied… severely under rented and the tenant pays inconsistently. Under management, he may become more consistent (the current owner has not applied any pressure). If not, get a new one and collect market rents.

Est. Cost: $12,000.00

Est. Rent: $1325/mo (625 for the 1 bedroom unit/ 700 for the 2 bedroom)

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440 163rd Pl, Calumet City IL

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Price: $50,000.00

3 bedroom, 1 bath, 1400sf home in a good neighborhood of Calumet City. Well maintained house, slab foundation and 2 car detached garage. Good recent sales comps nearby.

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Your Game Plan:

Rental: All interior cosmetics. Roof, windows, and mechanicals are all updated. Just needs paint, floors, cleaning in the bathroom, a tiny bit of drywall, and some freshened up kitchen cabinets. Partial siding repair on the detached garage.

Est. Cost: $6000.00

Est. Rent: $1500/mo

Flip: Full kitchen and bathroom remodel. Paint and floors. Exterior paint. Doors and trim.

Est. Cost: $12,500.

Est. ARV: $95,000.

4911 Melville, East Chicago IN

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Price: $45,000.00

FOURPLEX. All two bedrooms. Section 8 recommended in this area for quality tenants. ¾ units currently occupied, and underrented. Needs some rehab. Cash only.

See video: https://www.youtube.com/watch?v=C4PzrJcqE9U&feature=youtu.be

Ready for viewing: appointment only.

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Your Game Plan:

Rental: Property needs work, but 3 units are occupied so work should not all be done at once. First priority- replace roof. Replace 5 broken exterior windows. Replace exterior door. Patch up siding. The vacant unit was being used as storage and requires some drywall, plus paint, flooring, and cabinets in bathroom and kitchen. Occupied units need improvements as tenants cycle. Furnaces all function but are old and should be budgeted for future replacement. All units have separate metering, tenants pay utilities.

Use an experienced property manager for this area- I would recommend section 8 tenants. I have a property manager who has great success with section 8 tenants in East Chicago.

Est. Cost: $25,000.00 over 12-18 month period.

Est. Rent: $2600/mo total. $650/unit

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3939 Deal St, East Chicago IN

(Pending Sale)

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Price: $135,000.00

5 UNITS! Huge building, 8000sf. Full basement and 2 car garage. Two 3 bedroom units, two 2 bedroom units, one 1 bedroom units. Occupied, cash cow.

See video: https://youtu.be/9jQHKx8q1mI

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Your Game Plan:

Rental: Currently fully occupied and quite under rented. Gross rents now only total up to $2550, with tenants paying utilities. Rents can be raised slightly without replacing tenants. Market rents total up to $3500.00No immediate repairs required in order to purchase. Roof is brand new. Plumbing recently had work done to it. Furnaces are approximately 10 years old. Windows are upgraded. Units will require typical improvements as tenants cycle.

Est. Rent: $3550/mo total. $800/ 3 bedroom unit, $650/2 bedroom unit, $550/1 bedroom unit. $50/ garage space.

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