Seeking private funds for 2-unit condo conversion under contract in Logan Square - closing in 2 weeks
85% of funds already raised from a JV partner. Seeking private/gap funds for one or both units (62.5k or 125k).
$430k Purchase / $370k Rehab
$1.1mil After-Repair Value (550k each unit)
Projected profit of $188,691 / 22.84% ROI
Investor proposal and executive summary provided.
2-unit condo conversion in the hot Logan Square neighborhood of Chicago steps from The 606/Bloomingdale Trail and walking distance to the California Blue Line/Milwaukee Ave strip of bars and restaurants. Gut-rehab 3br/2.5ba duplex-up and duplex-down.
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