Chicago Hyde Park Heritage Brick Row House @ 61%ARV

[Anita Fofie]

Attention Cash buyers!!

1313 E Hyde Park Blvd Chicago, IL 60615

This large, vintage building has a ton of potential. 3/2, three story single family brick home with attic and basement. Close to University of Chicago and just a few blocks to the lake in trendy Hyde Park. Housing experts predict Hyde Park home values will increase 5% over the next year, compared to a 1.5% increase for Chicago as a whole. 89/100 Walk Score.

Great bones inside, amazing curb appeal outside. Already has central air. Finish the basement and add a third bath with guest room to exponentially increase value above projected ARV. Please email [email protected] or call/text 604-345-2740 direct (or office 801-872-0302) with any questions. If interested in viewing please contact for lock box information.

Details

ARV $520,000 (very conservative)

Offered at $320,000

Closing date: November 6th, 2015.

Due Diligence period ends: October 19, 2015

EM: $5000

Repair Estimate: $100,000

Required repairs: full kitchen remodel, 2 full bathroom remodels, paint, partial flooring (replace carpets, refinish hardwood, tile, finish attic, insulate and finish basement and replace doors, windows, dry wall work

Estimated projected net profit after repairs: $75,000

Bedrooms:3

Bathrooms:2

Full Baths:2

Basement:Yes (unfinished)

Attic: Yes (Unfinished)

Total Rooms: 7

Total Area Size: 2,541 sf

Finished Area: 2,183 sf

Lot Size: 0.05 acres (2,142 sf)

Exterior:Brick

Fireplace: Yes

Heating Type:Hot Water, Steam, Fireplace

Flooring:Carpet, Hardwood, Tile - Ceramic, Vinyl

Year Built:1885

Air Conditioning: CENTRAL

Average 3bedroom rents: $1750-2000