All Forum Posts by: 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

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 

First one with earnest money gets the deal Good luck. Single family in Edgewater area only $265,000. Estimated after repair value $486,000. Many options here rehab existing home, tear down build new home, or condos. Condos in the area sell for up to $290,000 each with 1200 sq feet. Sold comparables that are not fully rehabbed need work sold for average $486,000. After rehabbed property can rent for up to $2500 per month. Don't run over any one with your earnest money.

Taxes $5997 per year

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

1339 W Glenlake Ave CHICAGO, IL 60660 $529,000 Sold Apr 21, 2017 3 Beds 2 Baths1,727 Sq. Ft, zero days on market

6081 N RIDGE Ave CHICAGO, IL 60660 $450,000 Sold Apr 27, 2017 3 Beds 3 Baths 2,278 Sq. Ft, (actual sq footage is 1482 public records) 2 months on market

1438 W Hood Ave CHICAGO, IL 60660 $525,000 Sold Jul 28, 2017 3 Beds 1.5 Baths1,790 Sq. Ft., 2 months on market, outdated needs rehabbing

1540 W Hood Ave CHICAGO, IL 60660 $470,000 Sold Feb 6, 2017 3 Beds 1.5 Baths 1276 Sq. Ft, 5 months on market, outdated needs rehabbing

PENDING 6354 N HERMITAGE Ave CHICAGO, IL 60660 $469,000 Listed at Price 3 Beds 2 Baths1,500 Sq. Ft. 1 month on market, out dated needs rehabbing

Estimated After Repair Value $486,000 rehab existing home

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

• We have 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 due 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 please forward this email we do compensate for referrals

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

For showings and more details contact:

Kristine

773-231-0654

[email protected]

Lots of Equity! This is a 1900 sq ft home in the Austin Area. The ARV is 170,000 and is only 119,000! This house would command 1700/month rent. This is fully rehabbed and ready to be rented! Move fast this is an investor's dream!

This will be a Cash or hard money sale only.

Go to www.chicagospremiumwholesale.com for pictures and additional details

or call (309) 363-4644

Yes it is still available i have full price offers on it already.

The price is 390,000

This is a well taken care of Brick 2 flat in between Hot Lincoln Square and Andersonville. This is an amazing opportunity to invest in a fast appreciating area at an unbelievable prices point and equity. This property is only in need of cosmetic repair for a buy and hold with an 

ARV of 550,000

Buy and Hold 8.5 percent cap rate. 

Deconverted into Single Family it could easily sell for 825,000 for a 6 digit profit!

Comps:

1732 W Rascher Ave Chicago Il Sold 605,000 3/25/2016

1966 W Summerdale Ave Chicago Il Sold 525,000 8/17/2016

2314 W. Farragut Ave Chicago Il Sold 523,900 4/14/2016

SFH conversions

1957 W. Balmoral Ave Chicago Il Sold 810,000 12/09/2016

1824 W Berwyn Ave Chicago Il Sold 848,000 5/09/2016

1651 W. Farragut Ave Chicago Il Sold 1,070,000 Sold 8/23/2016

Cash only! Sale must be able to close by 4/10

Buyer pays all closing costs

Must have proof of Funds to view

@ted let me know when is a good time for you. I can set up a time any time you'd like.  My contact info is 309-363-4644 or [email protected]

This is a fanatic opportunity to add a brick 3 flat to your portfolio!  It is located in Hot Avondale area.  It is steps from the blue line and shopping, and is minutes away from Logan Square.  It has a 10% cap rate, with a gross income of over 51,000 annually. Taxes were 5600 last year and two of the units have been updated and the third is in good condition and ready to rent.  Make an offer.  Cash, hard money, or pre approval required.  Proof of Funds required  to view property.  Buyer pays closing costs.  

Go to http://www.chicagospremiumwholesale.com for additional pictures and details.

This is for a SFH right across the street form Hermitage Park. Solid Brick SFH in West Englewood. Rents in the area 1000-1300. Needs work but is a solid investment property at this price!

For more pictures go to http://www.chicagospremiumwholesale.com

Thanks Brett!

the estimated rehab cost would range between 120k to 140k if you did a full gut rehab, finished the basement, and added a second story or made the current attic into a dormer.