Please help me analyze this deal... Chicago Suburbs
4 bed 2 bath 3,000sqft Built 1916
Taxes- $11,387
Asking- $175,000.00
The property is a 2 story house with an unfinished basement. The house is siding and has no garage.
The house is mostly original and may need to be fully gutted.
The house is currently owner occupied and is available for showings with an appointment.
Comps-
1715 Whitcomb Ave, Des Plaines, IL 60018 - Sold for $470k in Aug 2020
https://www.redfin.com/IL/Des-...
1679 E Forest Ave, Des Plaines, IL 60018 - Sold for $410k in April 2020
https://www.redfin.com/IL/Des-...
My rough guess at rehab costs was 100-120k for a full regut.