Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on .

User Stats

97
Posts
4
Votes
Sam Tfaily
  • Chicago, IL
4
Votes |
97
Posts

Cash Flowing Brick 2 Units in Chicago - Asking $139K - ARV $250K

Sam Tfaily
  • Chicago, IL
Posted
The Best Wholesale Real Estate Deals in Illinois
image

Property Address: 5032 S Prairie Ave, Chicago, IL 60615
  • Hyde Park Township
Asking Price: $139,900

ARV: $250,000

Type: 2 Units Brick Multi-Family with full basement

  • First Floor - 3 bed - 1 bath $1200
  • Second Floor - 3 bed - 1 bath $1200
  • Basement - Open floor

Lot Size: 24 x 161 ft

Check out this Cash Flowing brick 2 units with high equity in Chicago, IL. Fully occupied with $2,400 in rent monthly.

Don't let this deal get out of your hands. There are only 4 available properties on the market within half mile radius and this is the best out of the 4.

This property is priced to sell, with ARV over $200,000 and there is enough equity to rehab, 100% refinance and hold this deal and still cash flow.

Drive by without disturbing tenants, or call/email to schedule a full walk through.

Sold comps are within .5 miles from the subject property and have been sold within the last 12 months.

Here are some 2 Units Comps:

  • 4743 S Wabash Ave , Chicago, IL 60615 - Sold on 12/2015 for $320K
  • 4823 S Calumet Ave , Chicago, IL 60615 - Sold on 05/2016 for $196K

Here are some 3 Units Comps:

  • 5431 S Indiana Ave , Chicago, IL 60615 - Sold on 08/2015 for $265K

This is a wholesale deal. Do your due diligence before making an offer.
    The first one with a signed contract and earnest money gets the deal.
    Buyer pays ALL closing costs. Buyer will receive taxes prorated to 100 percent and free and clear title
    Please due all your inspections and due diligence up front before contracting.
    Realtors add whatever fee you want.
    Proof of funds required for viewing.

    Do you know someone that would buy this deal please forward this email we do compensate for referrals
    Do you need money? We have lenders ready to lend. Call us for more details
    This is an IRA Qualified investment
Offering