High-end North Chicago Flip!!!! Nice Profit!

[Elbert D.]

Ladies and Gentlemen,

We have a nice flip potential in the city of Chicago on the North side. The ROI is 31.26%!

The family put the house on the market for a very quick sale.

Please reach out to me for comps(PM or by cell), I have some good quality tight comps ran within a quarter mile.

Here’s a link to the pictures:

https://www.dropbox.com/sh/o70 ucxjo2r5f5ck/AAA_C1yUwOiRcDisw 7OiakZFa?dl=0

Chicago Lincoln Square Home

31.26% ROI!!!

This is a Single family home in an upper income area! Near DePaul university and not too far from Lake Michigan. This home has a great ROI with excellent flipping potential in a high demand area.

Property Address:

5365 N. Bowmanville Ave, Chicago, IL

Property Details:

Sided 2 story home

4 beds

1 bath

1,536 sq. ft.

Year Built:1898

Full finished basement

Taxes(2016): $4,327

Price:

Purchase Price: $348,000

Rehab Price: $120,000

Total Price: $468,000

ARV Range: $655,000

Gross Profit: $156,000

ROI: 31.26%

RepairS needed

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 bathroom, tear out drop ceilings, exterior doors, hardware and trim

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

Basement: Hot water heater, Replace flooring, Furnace, and replace plumbing for new kitchen and bathroom setup.

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

Total Rehab Cost: $120,000 (gut rehab)

Optional: Our contractor will complete the rehab for you if you need that service.

terms of sale:

The highest Cash Offer will take the deal. Please do your own due diligence before contacting us. Send in Proof of Funds along with your offer.

We have equitable interest in the property.

• The info listed above is to the best of our knowledge.
• Buyer pays 100% of closing costs which include transfer taxes, title insurance,city fees and title company fees.We get a "major" discount on closing costs.
• Buyer will receive taxes prorated to 100 percent and free and clear title
• Please do all your inspections and due diligence up front before contacting
• Proof of funds required for viewing
• The first investor with a signed contract and $1,500 earnest money gets the deal
• This is an IRA Qualified investment

CONTACT DETAILS

PM: Elbert Dockery

Phone: Elbert: 773-401-7321 Text or Call(Please leave voicemail if I dont answer)