North Side Chicago Flip in Rogers Park Neighborhood $100K+ Profit

[Fernando Angelucci]

Hello BP!

Would you be interested in the red-hot Rogers Park neighborhood on the north side of Chicago? I have a 2-story brick Georgian that is ready to be flipped in the high demand area with historically low inventory. The location is amazing being 1 block from the red and purple lines, 2 blocks from the fire department, and 5 blocks from the lake with low taxes. This off-market full remodel came through a probate case and will be available to walkthrough on Friday, May 26th. Call my cell for the time.

7356 N. Ashland Ave, Chicago, IL

2-Story Brick Georgian SFR

4 beds, 1.5 baths, 1-car garage, 1,782 sq. ft.

Full unfinished basement

Taxes (2016): $4,067

Purchase Price: $261,343
Rehab Range: $90k - $120k

ARV Range: $500,000 - $545,000

Gross Profit: $118,000 - $144,000 (less holding and selling cost)

Photos and Comparable Sales: https://www.dropbox.com/sh/kzdpps14rcu30e9/AAAs7q8JtV9_LHD0vUF1cl-Ga?dl=0

Rehab

2nd floor: Remove all carpet and refinish hardwood underneath in all 4 bedrooms, windows, replace wood paneling with drywall, paint, remodel full bathroom, tear out drop ceilings, doors, hardware, and trim.

1st floor: Remove all carpet and refinish hardwood underneath, windows, tear out all interior walls to create open concept, replace wood paneling with drywall, paint, remodel kitchen, remodel half bathroom into full, tear out drop ceilings, exterior doors, hardware, and trim

Basement: HWH, Furnace, replace plumbing for new kitchen and bathroom setup.

Exterior: Rollover a new layer of architectural shingles, garage door, landscaping.

Optional: If you would like to push the ARV above $545,000 finish basement to increase livable square footage and create a large family room and/or extra two bedrooms and full bathroom.

This is a Double Close deal so if you are interested call me right away and I will send you the purchase agreement with terms.

Cheers!