Over $80,000 in Profit - Gutted & Ready

[Sam Tfaily]

Property Address: 2925 W Arthington St , Chicago, Illinois 60612

- County: Cook

- Neighborhood: East Garfield Park

Asking Price: $35,500

ARV: $215,000

Type: Multi-Family - 2 Units

- Unit 1: 2 Bed/ 1 Bath

- Unit 2: 3 Bed/ 2 Bath

Garage: 2 Car Detached

Lot Size: 3125 sqft

2 Units Multi-Family in Chicago, IL. Only $52,500 After Repair Value $219,000. Brick 2 units with 2 beds and 1 bath is unit1 and 3 beds and 2 bath in the unit2. Property was gutted and for rehab and had about $40,000 spent on it. Owner ran out of money and now must sell.

The property comes with rehab permit and lots of work done. Here is some of what was done:

1. Brand new windows

2. Brand new plumbing

3. Brand new Electric

4. New meters

Estimated rehab costs is 60,000 to 65,000. Sold comparables are a few blocks away sold for $215,000 to $219,000. Property can be rented for $3000 per month once completed. This is the best deal in East Garfield Park act fast.

Here are some of the Comps:

- 2818 W Arthington St , Chicago, Illinois 60612 - Sold on 09/2015 for $219K

- 3006 W Taylor St , Chicago, Illinois 60612 - Sold on 05/2016 for $215K

- 2429 W Lexington St , Chicago, Illinois 60612 - Sold on 11/2015 for $250K

- 2912 W Lexington St , Chicago, Illinois 60612 - Sold on 10/2015 for $225K

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