ATTN Chicago Fix and Flip Folks : Wholesale in Brookfield, Il

[James Lehmann]

This house needs a lot of love. My thoughts were that the basement needs to be reworked to fit 2 beds and a full bath to make the comps make sense, but that's just me. Adding an upstairs would certainly get you there as well, but it might be tight with the budget. Here's the stats:

3224 Elm Ave. Brookfield, IL 60513

2/1 Frame/Stucco SFR on a 30 X 125 lot

21.5 ft wide and 36 ft long with 6.5 ft ceilings in the basement and 8.5 ft ceilings on the 1st floor. There's an 8 ft enclosed porch on the front and the back, and a detached 2 car garage in excellent condition.

The AC unit is in the attic currently, and there is no standing room up there at 4.5 ft, hence my thoughts on the basement.

Great neighborhood and schools.

Purchase price is $123,500

ARV $340,000

This should leave roughly $100,000 for the rehab.

COMPS:

3430 Sunnyside Ave , Brookfield, Illinois 60513 "Well Maintained" sold for $305,000

3123 Vernon Ave , Brookfield, Illinois 60513 "Rehab" sold for $353,500

3436 Oak Ave , Brookfield, Illinois 60513 "Rehab" sold for $362,000

3114 Prairie Ave , Brookfield, Illinois 60513 "Rehab" sold for $365,000

Please let me know if you have any questions or would like to see the house yourself. There's a lock box on the house. I can give you access if you provide POF. Pics are below.

3224 Elm Pics