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Updated over 7 years ago,
CHICAGO SELLER FINANCING DEAL-ALMOST $600 MONTHLY CASH FLOW!
CHICAGO 4BR 2BA Investment property-Morgan Park! Owner Financing Available!
1358 W. 109th Street, Chicago Il 60643
Price: $80,000 OBO
Monthly rent: Has been rented for the last 5 years at $1350 a month
Taxes: $2052
Insurance: I pay about $500 a year
My name is Eric and I have been a rehabbing buy-and-hold investor since 2003 on the South Side of Chicago. I am selling a great investment property for either a local or a remote investor, brand new or experienced. I have owned this property since 2006. The home is a 4 br, 2 bath, split level. This property is in Morgan Park, which is my favorite neighborhood to invest in, and the neighborhood where I still have many investment SFR's.
Be sure to check out the attached financial overview sheet that has all of the expenses attached.
I am willing to finance this property for a buyer with a negotiable purchase price with $15,000-$20,000 down through a note and mortgage, the same way a bank would.
Since I have so much experience renting in Chicago, I would be happy to mentor/help a buyer with anything he needs. I have tons of contacts and would be happy to pass those on to you. I am always available to help. If you would like the property professionally managed, I can recommend a manager at 10% of gross.
If you are interested, please contact me so that we can talk further about the deal.