5 Units, 27% ROI, 50K Equity, $65,000. Fully Rented.

[Melsi Bifsha]

LOW ASKING PRICE ONLY $65,000

HUGE EQUITY AS-IS Estimated at $115,000

Keep the building as-is and collect the instant cash flow or rehab it for $50,000 to increase its value.

PROPERTY DETAILS
Address: 4830 W Superior Ave, Chicago, IL 60644
Property Type: Brick 5-Unit Multi-Family
Year Built:1923
County: Cook
Rehab Estimate: $50,000
ARV: $225,000
Beds / Baths: 3/1, 1/1, 1/1 + 2 studios
Sq.Ft: 3,027
Sq.Ft Lot: 4,500
Basement: Full (Partially occupied by the owner)
Garage: 3 Car Brick (Needs work)
Recent Upgrades include a 4 year old boiler, water tank replaced 9 months ago, Plumbing-changed to copper one year ago, new electrical wiring in garage and some parts of the property one year ago.
Current Rent: 5 X $600. TOTAL $3000/mo
Potential Rent: 1 X $1100, 2 X $850, 2 X Studios $650, TOTAL $4100/mo
MONTHLY EXPENSES
Taxes: $220/mo
Water: $295/mo
Heat: $285/mo
Electricity: Tenant pays own
Garbage: $38/mo
Insurance: $185/mo

SOLD COMPARABLE
https://www.redfin.com/IL/Chicago/4930-W-Rice-St-60651/home/13278923

SIMILAR PROPERTIES FOR SALE
https://www.redfin.com/IL/Chicago/4836-W-Erie-St-60644/home/13264011

https://www.redfin.com/IL/Chicago/4926-W-Erie-St-60644/home/13264162

PICTURES
https://www.dropbox.com/sh/giwsrt4l0yzvgt6/AACejtYwIHrHVhvS0Fn6p4nRa?dl=0

FOR MORE DETAILED INFORMATION, CONTACT:
Melsi Bifsha
Tel:773-968-8891
[email protected]

This is a wholesale deal. We will not co-wholesale. We have equitable interest in the property and we are selling our contract. Cash or private/hard money only. Buyer pays ALL closing costs. Realtors add your commission to the price. Proof of funds required for viewing. The first buyer with a signed contract and earnest money gets the deal.