Updated over 3 years ago on . Most recent reply
** Updating ** Our Chicago New Construction SFR ** Complete **
Investment Info:
Single-family residence fix & flip investment in Chicago.
Purchase price: $320,000
Cash invested: $650,000
Sale price: $1,200,000
Contributors:
Bolanle Ogunmakin,
Thomas Zidron,
Prashanth Mahakali
New construction single-family development. We purchased a double lot which included this one and finally broke ground on construction. This will be a high-end single-family residence in Bucktown.
What made you interested in investing in this type of deal?
double lot
How did you find this deal and how did you negotiate it?
MLS deal
How did you finance this deal?
Bank Loan using the equity in the lot as the downpayment
How did you add value to the deal?
Ground-up new construction
Lessons learned? Challenges?
Get water service in first thing. Don't delay for other trades.
- Jonathan Klemm
- [email protected]
