4 unit cash flow deal with 3 vacant units ready to rent

Cook County, Chicago, IL, 60619 view full address
For Sale
Listed at: October 2nd, 2023
Price
$330,000
ARV
$585,000
Gross Margin
$255,000
Sq. Footage
4800
Type
Multifamily
Parking
Street
Year build
1930
Lot size
0.07 acres
Bedrooms
8
Bathrooms
5
Half Bathrooms
0
Summary

Excellent 4 units brick building in the South Shore Area of Chicago. The building is a total of 4 units. 3 units are 2 bedrooms 1 and the other is a 2 bedroom 2 bath unit. Current tenant is paying $1,300.00 per month and is mont to month. Will be sold with one tenant in place. All other units are vacant. This is a very light rehab. This property only needs $25,000.00 maximum to get it rent ready or you can investest around $65,000.00 to get it market ready. Units are solid. In need of minor cosmetic work only. Updated electrical and boiler system. Separate gas and electric meter paid by tenants. Back deck in good shape. No issues pending with the City of Building and Safety. Excellent opportunity to start cash flowing immediately once all units are rented.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Hernan Hernandez

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