Real Estate Investor · Chicago, IL · Member since 2015 · 34 posts · 5 votes
The property is a Single family house on a quiet block with a park across the street. Frame Bungalow 3bed 1.5 bath 1500sqft Frame 1 car garage Purchase price 58k Rehab 45k ARV between 130k and 140k Buy and Rent for $1500-$1800 a month The seller is losing the property to tax sale needs to sell. Property does not need a lot of work. Updated kitchen and finished basement. Garage needs work.
Repairs are cosmetic. Its livable now but you will need to repaint interior, repaint exterior, put in new trim and repair dry wall in some areas and fix garage.