Winnetka, IL SFH Fix and Flip: $300k Profit - Chicago North

[Fernando Angelucci]

Hello BP!

Today we have available for immediate assignment a fix and flip project of a beautiful 7 bedroom, 4.2 bath single family home one block away from the lake in Winnetka for $1,250,000 cash plus closing costs. It's estimated ARV is $2,000,000.

Address: 818 Bryant Ave., Winnetka, IL 60093

Building Size: 4,089 sq. ft.

Lot Size: 0.44 acres

Current Bedrooms: 7

Current Bathrooms: 4.2

Estimated Rehab: $250,000

Estimated ARV: $2,000,000+

Estimated Profit: $300,000

Details: This home is located in the most desirable area of Winnetka on a huge lot. The home is located in one of the top school districts in Illinois with 10/10 schools available for every level. The house is located one block from the lakefront, Tower Road Park and Beach, and Lloyd Beach Boat Launch. While the home has been very well maintained, the primary rehab needs are cosmetically updating the outdated finishes. While it is currently 7 bedrooms, by finishing the other half of the attic, an additional 2 bedrooms can be added. The basement is currently unfinished so the bathroom down there can be made into a full bathroom and the half bathroom on the main floor could be converted into a full bath raising the bathroom count to 6 full bathrooms. While there are new construction homes selling in the area, there are as-is condition homes flying off the MLS as well; so a freshly renovated and historic home of this size, lot size, and location will be a hot commodity. This is a probate deal with no tax proration and buyer to assume all normal closing costs for both sides.

Photos: https://www.dropbox.com/sh/hnr4237pcplipzp/AACAmzusMrAO9Cj9JPTDhFYga?dl=0

Sold Comparables: https://www.dropbox.com/s/p7g2vaoof5v57qa/818%20Bryant%2C%20Winnetka%2C%20IL%20MLS%20Sold%20Comparables.pdf?dl=0

The deal goes to the first person to sign the assignment of contract and remit the assignment fee. If you have any questions or interest, please do not hesitate to reach out. A single group showing will be set up for all interested parties unless the deal sells sight unseen. Proof of Funds required to view the property.

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