Brick 2 Flat in South Austin - Asking $49K - ARV $200K

[Sam Tfaily]

The Best Wholesale Real Estate Deals in Illinois

Here is the deal Top!Property Address: 228 N Leclaire Ave, Chicago, IL 60644 County: Cook Neighborhood: South Austin Asking Price: $49,900 ARV As 2 Units: $200K Unit 1: 2 Bed / 1 Bath Unit 2: 3 Bed / 1 Bath Basement: Full Finished Basement with illegal 1 bed and 1 bath Year Built: 1895 Lot Size: 26X129 2014 Taxes: $3,188 This is a good clean block in a solid area. Property needs heavy rehab. The property is currently occupied but will be delivered vacant upon closing. First floor has 2 beds 1 bath and the second floor has 3 beds 1 bath. The basement has 2 entrances with 6.5 feet high ceiling and is currently occupied with 1 bed and 1 bath. Units could rent for $1,200 and $1,000. Building has code violations and the city is requesting the basement be deconverted to storage space. Comps are within .5 miles of the subject property and were sold within the last 9 months. 2 Units Comps: 4935 W Washington Blvd , Chicago, IL 60644 - Sold for $246K on 10/2016 205 N Leamington Ave , Chicago, IL 60644 - Sold for $236K on 08/2016 331 N Lockwood Ave , Chicago, IL 60644 - Sold for $206K on 11/2016 For more information 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