Cicero, IL 2Flat plus Garden 115K

[Zach Shuta]

We have an off market brick two flat with garden unit available for immediate assignment in the Cicero.

This property can yield ~$50K profit after rehab or 2400+/m in gross income.

We will be holding showings by appointment, and showing requests with an offer included will be given priority. We review all offers and accept backup offers as well. If you have any questions or would like to schedule a showing please contact Zach Shuta at (312) 818-2554 or by email at [email protected].

If you’re a realtor you are welcome to add your fee over and above the asking price. As with all of our deals, the first to sign the assignment of contract and remit the assignment fee gets the deal.

Description

Hot deal in Cicero. Brick two-flat with garden unit. Straightforward rehab located walking distance to Blue Line. Floors on first floor unit refinished and bathroom updated. Water heater and furnace in garden unit replaced in past 12months. Attic available for duplex up. Unit can rent between $2,400-$2,800/yr for great cashflow as well. Come with your ideas and maximize the upside on this project!

https://drive.google.com/open?id=0B_P-uDte4F7tZ1lqOFhLMWcwSkE

Wholesale Price:$115,000

ARV: $240,000

Property Overview

-Brick Two-Flat w/ Garden Unit

-4 beds /2 baths plus additional 2/1 in garden

-Near Blue Line

-2.5 car garage

-Lot is 3,750 sq ft

-Top unit on month to month lease (renting for $700/mo)

-New hot water heater and furnace in garden unit

-Taxes = $1,200/yr

Comparable ARV Sales

1910 S 57th Ave - 5bd, 3ba, 1,870 sq ft - Sold for $265K on 6/24/16

5208 W 22nd Pl - 4bd, 2ba, 2,300 sq ft - Sold for $262K on 7/1/16

2614 S 59th Ave - 6bd, 3ba, 2,014 sq ft - Sold for $250K on 7/26/16

5624 W 22nd Pl - 5bd, 2ba, 2,100 sq ft - Sold $221K on 9/15/16

Email me for more info/showings or other deals.

Best Regards,

Zach Shuta 

[email protected]