2 Flat in Bellwood - Asking $69K - ARV $150K

[Sam Tfaily]

The Best Wholesale Real Estate Deals in Illinois

Here is the deal Top! Property Address: 3607 Madison Street, Bellwood, IL 60104 County: Cook Asking Price: $69,900 ARV if Converted to SFH: $175K ARV As 2 Units: $150K NOTE: This property is currently 2 Units but Zoned as Single Family Home Unit 1: 2 Bed / 1 Bath Unit 2: 3 Bed / 1 Bath + Full Attic Basement: Crawl Space Lot Size: 35X125 2014 Taxes: $6,980 This deal on Madison St in Bellwood will be a great addition to your Buy & Hold portfolio. It's a 2% deal, in a low crime neighborhood! All in around $110K - $120K and you can rent both units for a combined $2,200 - $2,400 a month. The property was built as a 2.5 story SFR. But the last owner converted the property into a 2 Flat. So the property is ready for you to come in with a fast, light rehab so you can get tenants in quickly. Or, you could just flip it as a SFR and make $30K profit. The next cheapest deal in this neighborhood is listed for $94K! Act fast because this one won't last long! Comps are within .65 miles of the subject property and were sold within the last 12 months. Single Family Comps: 3509 Madison St , Bellwood, IL 60104 - Sold for $180K on 06/2016 248 Bellwood Ave , Bellwood, IL 60104 - Sold for $175K on 04/2016 226 Zuelke Dr Bellwood, IL 60104 - Sold for $172K on 11/2015 2 Units Comps: 221 27th Ave , Bellwood, Illinois 60104 - Sold for $155K on 07/2016 221 27th Ave , Bellwood, Illinois 60104 - Sold for $148K on 08/2016 2728 W Wilcox St, Chicago, Illinois 60612 - Sold for $132K on 06/2016 For more information and pictures call Sam at 847.752.4757

This is a wholesale deal. We have equitable interest in the property and we are selling our contract. Cash or private/hard money only. Buyer pays ALL closing costs which include Transfer taxes, title insurance, and title company fees. Buyer will receive taxes prorated to 100 percent and free and clear title Please do all your inspections and due diligence up front before contracting. Realtors add your commission to the price.Proof of funds required for viewing. Do you know someone that would buy this deal please forward this email we do compensate for marketers The first one with a signed contract and earnest money gets the deal. Do you need money? We have lenders ready to lend. Call us for more details This is an IRA Qualified investment