Updated about 7 years ago on .
HIGH END FIX & FLIP! Chicago Northern suburb! ROI 23%+
This is a single family home in a very desirable suburb of Chicago on the North side. Located in Northfield! Prime real estate township. It's about 20 minutes drive to downtown Chicago. This city is considered a very desirable place to live. A very income area. The homes are on the higher end side and the neighborhood is beautiful and very well kept. There are many attractions for a family to do in this area. There are many grocery stores, restaurants, movies, schools and parks. Very family-friendly area. Once this property is rehabbed, it will sell QUICKLY, we are in prime real estate selling season and this is a prime real estate location. This home needs work, to make it a gem and a quick seller. This rehab is a high end rehab and must be done by a licensed contractor and permits MUST be pulled.
PROPERTY SPECS:
2 Story Frame
Built: 1958
2 car garage
5 Bedrooms
2 Bath
Full Basement
Large back yard
2612 sq. ft.
Taxes: $11,821.00
Purchase Price: $300,900.00
Rehab Costs: $150,000.00
Total Price: $450,900.00
ARV Range: $595,000-$605,000
Minimum Gross Profit:$114,000.00
ROI: 23.2%to 25%!!!
REPAIRS NEEDED
Rehab Cost = $150,000.00
This is a gut rehab, please reach out to me for a detailed description of the rehab spec sheet
1.New stainless-steel appliances
2.New kitchen – Counter, splash board, cabinets, floor etc.
3.New bathroom – New vanity, faucets, flooring, walls etc.
4.New windows
5.New floors
6.Paint entire home
7.All new fixtures
8. All new roof, soft, fascia and gutters,
9. New furnace converted to HVAC
10. Finish the basement
11. Sand and stain floors
12. Fix plumbing issues
13. Garage work on the roof
It will take approximately 6-8 weeks to complete the rehab. We will be installing upper end fixtures throughout the home. This will help you get top dollar for your property. The house will be ready to go for a quick sell.
TERMS OF SALE
This is a cash sale only.
The information listed above is to the best of our knowledge.
- Buyer pays 100% of closing costs which includes title company fees and escrow
- 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 $1500.00 earnest money gets the deal
- This is an IRA Qualified investment
CONTACT DETAILS
Phone: 773-401-7321
Please contact me for questions, comps, pictures and more details.