Brick Two Flat in Uptown!

[Otto Beich]

Here is the property. I also like to note comps for a single family deconversion would be between 900,000 and 1,100,000.

Let me know ASAP if you have interest.

Address: 4870 N Magnolia Ave Chicago, IL

60640

Type: Brick 2 unit

Neighborhood: Uptown

Asking price: $495,000

Beds: 6

Baths: 3

Sq feet: 1716

Garage: 2 car garage

Basement: finished

Lot size: 1716

Year built: 1896

After rehab value: $770,000

Rehab: needs total rehab

Occupancy: occupied

Rents for up to: $4800 per month after rehabbed

Uptown brick 2 unit only $495,000. Estimated after rehab value $770,000. Brick 2 unit with 6 beds, 3 baths, 1716 sq feet, finished basement, 2 car garage. Property needs a total rehab legally finish the basement to add sq 850 sq feet. Rehabbed sold comparables in the Uptown area of Chicago IL sold in the last 6 months average $770,000. Property can rent for up to $4800 per month after rehabbed. Many options leave as a multi, convert into condos, or convert into single family. Condos with 2 beds in the area sell for average $390,000!

Taxes: $5858 per year

Sold Comparables in Uptown area of Chicago IL sold in last 6 months within 1/2 mile away.

Click on comparable to view more details.

Leave as a multi unit

5009 N Ravenswood Ave CHICAGO, IL 60640 $840,000 Last Sold May 17, 2018, 5 Beds 3 Baths 2064 Sq. Ft. 3 months on market

1229 W Carmen Ave #1 Chicago, IL 60640 $700,000 Last Sold May 15, 2018 — Beds 2 Baths 2,200 Sq. Ft. no days on market

1217 W Gunnison St Chicago, IL 60640 $1,175,000 Last Sold March 20, 2018, — Beds 5 Baths2,014 Sq. Ft. no days on market

PENDING 1505 W Wilson Ave CHICAGO, IL 60640 $775,000 Listed at Price 6 Beds 4.5 Baths 2772 Sq. Ft. 4 months on market

Estimated After Rehab Value $ 770,000

Convert into CONDOS sell 2 to 3 condos at $390,000 a piece.

1412 W Argyle St #2 CHICAGO, IL 60640 $425,000 Last Sold May 31, 2018, 2 Beds 2 Baths — Sq. Ft. 1 month on market

1216 W Winnemac Ave Unit 3E CHICAGO, IL 60640 $400,000 Last Sold August 1, 2018, 2 Beds 2 Baths— Sq. Ft. 2

months on market

1322 W Winona St Unit 1N CHICAGO, IL 60640 $350,000 Last Sold March 9, 2018, 2 Beds 2 Baths— Sq. Ft 2 months on market

PENDING 1216 W WINNEMAC Ave Unit 2W CHICAGO, IL 60640 $385,000 Listed at Price 2 Beds 2 Baths— Sq. Ft. 1 month on market

Estimated After Rehab Value Sell all 3 condos for up to $1,170,000

*DISCLAIMER: This information is deemed reliable but is not guaranteed

Act Fast this will be gone Fast. The first one with a signed contract and earnest money gets the deal.

• We have an equitable interest in the property and we are selling our contract.
• Cash or private/ hard money only. We have lenders ready to lend contact us.
• Buyer pays ALL closing costs which include Transfer taxes, title insurance, and title company 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 contracting.
• Realtors add your commission to the price.
• Proof of funds required for viewing.
• Do you know someone that would buy this deal