All Forum Posts by: Erik Biatti

Wholesale Deal 🏡💵

South Shore Neighborhood Chicago

7915 S Paxton Chicago IL 60617

When completed 5bed 2baths 3,300sqft (2,200sqft plus finished basement 1,100sqft)

California Investor Wants Out. The project was started and now he can't get it finished with his Chicago contractors. Pick up where they left off and profit 32k-41k depending on financing or cash. Project should be completed just in time for the hot spring season. Plans and Permits Included

Purchase price 95k
Repairs 70k
ARV 230k

Comps:

8108 S Oglesby Ave CHICAGO, IL 60617 $239k Sold Jan. 2nd 2018

7738 S Clyde Ave CHICAGO, IL 60649 $249k Sold Oct. 5 2017

8349 S Crandon Ave CHICAGO, IL 60617 $239k Jan. 2nd 2018

7751 S Luella Ave CHICAGO, IL 60649 $255k Aug. 2nd 2017

Link for Additional Pics and walk through- https://drive.google.com/open…

Lets Make A Deal!

Contact me ASAP
Erik Biatti
President
New Leaf Real Estate Solutions Inc.
312-874-0506
[email protected]
www.newleafchicagoland.com

2 Flat w/ Garden in Active West Humboldt Park - $105,000

Chicago, IL

1006 N. Ridgeway Ave Chicgo IL 60651

Purchase Price 105k
Rehab 40k
ARV 220k

Rents in the area are
3bed $1100-$1400
2bed $1000-$1200
Garden $700-$900

Owner currently lives in the property and has family renting the other units. All units will become available after closing.

1st floor -2bed 1bath
2nd floor- 2bed 1bath Originally 3bed 1 bath but owners opened up a wall to have one large bedroom.
Garden Unit- 1bed 1bath Originally 2bed 1bath Owners opened up a wall to have one large bedroom.

*Garden unit has an entrance and exit along with the proper ceiling height but was not allowed to have a working stove in the unit. You can easily make the first floor into a duplex.

Comp:
918 N Lawndale Ave, Chicago IL 60651 (204k)

Active:
1002 N DRAKE Ave, Chicago IL 60651 (280k)

943 N Ridgeway Ave, Chicago IL 60651 (219k)

1007 N Harding Ave, Chicago IL 60651 (240k)

Link for pictures  https://drive.google.com/drive/folders/0B1SHFuNGEbBZM1NyMW5pb0R4STA

Call or email with any questions or to schedule a showing.

312-874-0506

[email protected]

 9119 S Carpenter St Chicago IL 60620

Currently a 3bed 1.5bath 1600sqft Basement can be finished

Taking highest and who can close the fastest.

Starting at 45k purchase price
Repair Estimate 80k
ARV 200k
Identical Comp at 9144 S Aberdeen St Chicago IL 60620

Heres the link for more pictures https://drive.google.com/open?id=0B1SHFuNGEbBZM0syR0Q5eWZWdWM

Park Ridge Wholesale deal with a lot of potential. The property is a teardown and can't be saved. The property is on a great block with lots of new construction in the past couple years. There is new construction going on in the surrounding blocks in the neighborhood. 

Below are links to pictures and video of the property.

Here is the link to the pictures

https://drive.google.com/open?id=0Bx5Wvy_EgwksLUFBSVhtY2xFbTQ

Here is the link to the video

https://drive.google.com/open?id=0Bx5Wvy_EgwksLUNrM1o0dlRPOG8

Serious buyers only!

Give me a call at 312-874-0506 if interested.  

Welcome @Account Closed! 

I am an investor in Chicago. I grew up in Logan as a kid. My family and I moved to the suburbs when it got bad and I just moved back a few yrs ago. I am by Kedzie and Armitage and have a 3 Unit by Diversey and Kimball. Let me know if you ever want to grab a coffee and chat. 

The Address is 6105 S Green St, Chicago IL 60621

1st Floor duplex down Top 2bed 1 bath Lower level 2bed 1bath

2nd floor 3bed 1 bath

Renter occupied Renting for $700 each unit with opportunity to raise rents.

There is not much in repair if buyer wants to keep it as is and start generating revenue. Total repairs include plumbing on 1st and 2nd floor and small items 12-18k. If buyer wants to do larger repairs and get top of the market they'll have to do around 60-70k.

Comps

6401 S Justine St Chicago IL

6757 S Loomis Blvd Chicago IL

I am asking 35k for it.

Here is the link for the pictures https://drive.google.com/drive/folders/0Bx5Wvy_EgwksZFgycEFZS3FlNXc?usp=sharing

Summary

Asking 50k

Repairs 12-18k or 60-70k

ARV 145k or 195k depending on repairs

Current Gross rent 1400

Market Rent is around 1900 for both

Contact me if interested 312-874-0506

Take a look at this solid deal in the quiet Ashburn neighborhood in Chicago's southwest side. 

Property Details

Purchase Price: 95k

Rehab: 35,900

ARV: $180,000

Address: 2622 W 83rd Street, Chicago, IL 60652

Type: Single Family Residence

Building Specifications Upon Completion: 1,100 Sqft – 2 Beds – 2 Baths

Project Timeframe: 4-6 Months

After Repair Value: $180,000

Project Description: The existing property is a 2 bedroom, 2 bathroom, 1,100sqft raised ranch home. The final product will be a completely renovated 3 bedroom, 2 bathroom home with a finished basement and 1,600 sqft of living space.

Scope of Work. The main level including both bedrooms will have a completely new look with refinished hardwood floors, fixtures, paint, and trim. The kitchen is going to be completely overhauled with new ceramic tile floors, 42” white shaker cabinets, granite countertops, subway tile backsplash, and a stainless steel appliance package. Both bathrooms, first floor and basement, will get completely renovated. The basement will get finished with new ceramic tile floors, paint, trim, and will feature a family room, laundry area, and an additional bedroom. The exterior of the property will get a new roof, siding, gutters, and soffits.

Take a look at our investor proposal for to see if you would like a 12% ROI on debt or 50/50 Split of profits. We are also looking to wholesale for 3k assignment fee.

Reply or contact me directly at 312-874-0506 or at [email protected]

Investor Proposal

Pictures

**Time is from 7PM-9PM, 7:09PM was a typo.  See you there!

Back by popular demand!

This event will feature a round table and Q&A session with all of our members where you will get to ask any question about your real estate investing business. Within our mastermind group, we have very experienced members who will gladly share their experiences, strategies, and principles for success. So, bring your burning questions, current struggles for us to discuss, and help you out with a solution!

You'll discover how to finally get past the one thing holding back your business growth!

Registration starts at 6:30 PM

P.S. Find us on meetup.com 

2 Unit / 6 Bedroom / 2 Bathroom / Approx. 2,400 Sqft
Basement: Unfinished
Year Built: 1914
Garage: 2-Car Detached

The Numbers
$325,000 Purchase Price
$ 35,000 Construction Costs
$ 8,125 Closing Costs (2.5% of PP)
$368,125 Total Into Deal

$425,000 ARV
$ 39,600 Gross Potential Rental Income
$ 1,650 Average Rent per Unit (3 Bedroom)

More info: http://ago-homes.com/addison
More pictures: https://flic.kr/s/aHskKsu8rY

Please feel free to contact me any questions and/or the lockbox code, my cell is (312) 874-0506 Email: [email protected]