🏚️ INCREDIBLE FLIP OR HOLD OPPORTUNITY IN Chicago IL! 🔄🤝

This 7-bed, 3-bath property in Chicago IL, 60624 sits on a nice .07-acre lot with its own private driveway. This home was a started project that did not reach the finish line. With about 60k-70k of work, this property can be made to your liking and make you a great profit. Note: There are no noted foundation issues, HVAC and roof will both need to be updated. With ongoing development in the area, this is an opportunity you don’t want to miss!

NO HOA!

After Repair Value (ARV): $360,000  💰

Recent Comps (Sold in the past 6 months within 1 mile):

🏠4251 W Jackson Blvd Chicago IL – Sold for $360k (Prime Example of a comp with a similar style home, similar layout, same lot size, AND same year built)

🏠 4512 W Jackson Blvd Chicago IL – Sold for $330k (Turnkey status and has one less bed and bath)

🏠 3824 W Flournoy St, Chicago IL– Sold for $345k (Updated, same bed and bath count, and same year built)

Fix and Flip Potential: 🛠️ With a rehab investment of $60K-70k (using quality materials), you can bring this property up to the level of the comps that sold at 360k. Recommended improvements include:

• New fixtures
• Kitchen and bathroom updates
• Flooring (optional)
• Interior/exterior paint
• Exterior Updates
• Cabinetary
• Tile Work
• Minimal Landscaping
• Finished Basement
• New roof
• Updated HVAC
  
  If you wanted to reach the 390k Value, an investment of 45k or less would achieve that standard. Some recommended improvements are:
• Interior Paint
• Bathroom Update
• Kitchen Update
• Hardware and Fixture Updates
• Updated Flooring
• Exterior Clean Up
• Finished basement
• Flooring
• HVAC

The average rents in this area for a 3 bedroom unit go for approximately 1500-1700 / month per unit. This will check off the 1% Rental Rule once rehab is complted! ✅

Closing Date: 12/07/2024 or sooner
This property is currently vacant. To schedule a tour, please contact us directly.

This deal won’t last long! Submit inquiries to discuss further.

YOU CAN ALSO CONTACT ME AT 678-787-9323

Buyer is responsible for all closing costs.
Sight-unseen offers are welcome, but property tours must be arranged through us.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with a memorandum has been signed with the seller, giving this company exclusive rights to purchase the property. We do NOT represent the owner, nor are we brokers. Any attempt to contact the owner without our consent will result in legal action.