Great deal in Southside Chicago! Lansing Flip! ROI 24%

[Elbert D.]

Ladies and Gentlemen.

Here is a nice solid brick frame home located in Lansing, Illinois. A suburb on the south side of Chicago. This location has many brick homes and overall will make a nice neighbourhood for anyone. We're going into our prime selling season and this is definitely the time to buy and fix and flip. Don't let this one pass you by! This home will be of great retail value for a young couple or anyone looking for their first nice starter home.

17603 Burnham Avenue – Lansing, Illinois 60438

24% ROI!

Property Specs & Details:

All Brick 2 story

3 bedrooms – We’re adding a bedroom

1 Bath

*837 square feet – *House is listed as 837, but it is actually about 1200 square feet. The 1200 includes 2nd story.

Full Basement with nice storage cabinets

2 car garage

Corner lot

Cape Cod

Taxes: $2076.00

Price:

Purchase Price: $77,000.00

Rehab Costs = $15,205.00

Total Price = $92,205.00

After Repair Value: $124,000.00

ROI% = 24%*

The ROI percent INCLUDES your realtor costs to flip after rehab is completed and holding costs that include: insurance, electric, gas, water, closing costs and taxes. Closing costs base on closing with our title company.

REPAIRS NEEDED!

Scope of work

Rehab Cost = $15,205.00

As always, our crew will rehab the home for you, if you need those services. You’re also welcome to bring in your own contractor.

The rehab costs include an upgrade of the inside of the home. It will include amenities that other properties that are currently for sale, don’t have. That’s a huge plus when selling!

Here’s what we’ll be adding when we rehab it:

1.All new carpeting throughout the home

2.New appliances

3.New “high end” kitchen cabinets

4.New “high end” counter top

5.New bathroom vanity and medicine cabinet

6.New back door and screen door

7.New bedroom doors

8.New “upper end” light fixtures throughout the house

9.Entire house will be painted

10.Take down awnings

11.New Landscaping in front of house. Will be done right before the house goes on the market. We need to wait until it warms up a little bit!

12.New high end kitchen faucet

13.New back splash in kitchen

14.New bathroom faucet and bathtub shower head and fixtures

15.Other small “miscellaneous” items like: New electrical outlet plates, new smoke detectors and new light switches.

TERMS OF SALE

The highest Cash Offer will take this deal. Please do your own due diligence before contacting us. Send in Proof of Funds along with your offer.

We have equitable interest in the property.

• The info listed above is to the best of our knowledge.
• Buyer pays a portion of closing costs which may include: title company fees, city stamps and your attorney fees
• Buyer will receive taxes prorated to 100 percent and free and clear title
• Please do all your inspections and due diligence up front before contacting
• The first investor with a signed contract and $1000.00 earnest money gets the deal
• This is an IRA Qualified investment
• https://www.dropbox.com/sh/c32djmhk2tjdbhd/AAC-PvMfQJPIzPRxETODH6uja?dl=0