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Archived almost 2 years ago

$155,000

5+ bd 2 ba 2600 sqft

11316 South Edbrooke Ave, Chicago, IL 60628

Residential SFR Needs Repairs Off MLS

Current Rent **

$2,700

Projected Rent **

$3,620

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Alphonso Dormun
Get pre-approved by a lender
Be Ready to Buy, Find the Right Loan

💰2 Units!!! - MAJOR CASH FLOW💰

VALUE OPPORTUNITY - $155,000 or Best Offer**
Off Market Duplex 6bd / 2ba
2600 sqft | Massive Basement
Convert basement to a garden unit for MASSIVE CASH FLOW!!!
ARV: $285,000 | Rehab: $57,000
Market Rents: $1810 per unit with Section 8
$3,620 – $4,620 total!!!

***See more photos of property at link below. Copy & paste link***

https://www.homesaleschicagoland.com/property/11316-south-edbrooke-ave-chicago-il-60628/

Explore a CASH FLOWING investment or HIGHLY PROFITABLE FLIP opportunity with this multi-family home, boasting 6 bedrooms and 2 bathroom, with potential to upgrade the basement area to a 3rd unit! The property includes a vast, partially finished basement, offering ample room for enhancements. 3-car garage and driveway parking on side of property for 4 vehicles! In need of cosmetic repairs, it’ll continue to deliver a lucrative financial return. Located in the up and coming Roseland neighborhood of Chicago, this home could yield a rental income of $3,620/month as a duplex and $4,620 as a 3-unit. The top floor unit is currently occupied with a month-to-month tenant. The main floor unit will be vacant by mid-May, currently occupied by a Section 8 tenant. (See Images for Rehab Estimate & Comps)

Our listings don’t last long – Seize the Opportunity!
Email, Call, or text today to lock in this great money-making property!

Alphonso | 773-572-5654 | [email protected]

Location:

11316 South Edbrooke Ave, Chicago, IL 60628

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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.