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Sold about 5 years ago

$39,000

3 bd 1 ba 1450 sqft

201 S Albany, Chicago, IL 60612

Residential SFR Needs Repairs Off MLS

Current Rent **

$1,600

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Very High

Hot East Garfield Park - Purchase for 39K. 70K in Repairs. ARV 175K

Another Hot Rehab opportunity in East Garfield Park available for only 39K!! This deal is CASH ONLY. Detached single family homes fly off the shelf over here. 3 bed 1 bath 1,450 sq ft Single Family available for immediate assignment. Interior first floor is gutted. Property comes with the architectural drawings for the rehab. Second floor needs a new bathroom and swap openings on a closet to make it a true 3 bed 1 bath. Furnace and water heater are newer and stay with the building. Subfloor repairs were being done, so there are spots with open floors on the first floor. Buyer is responsible for any violations on the property. Annual taxes are $2,700. Clear Title conveyed at closing. Back taxes, water, and receiver's lien will be paid by seller, and everything else is on the buyer. The work to clear title has been done, and we can close as soon as you can gather the funds. Link to additional pictures below.

Any questions, please reach out.
EMAIL: [email protected]
CELL: (773) 819-5070. CASH ONLY.

https://drive.google.com/drive/folders/1-Fbg6UHYNZLRPLkwawVZ3BVhcxya9Qz8?usp=sharing

Location:

201 S Albany, Chicago, IL 60612

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.