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Updated about 7 years ago,

User Stats

688
Posts
367
Votes
Elbert D.
Pro Member
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
367
Votes |
688
Posts

AWESOME FIX And FLIP! North Chicago! ROI Over 25%

Elbert D.
Pro Member
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
Posted

Ladies and Gentlemen,

We have a nice flip potential in the city of Chicago. The ROI is 28%

See attached documents for ROI worksheet, comps and pictures.Don't delay as this will not last!

Here’s a link to the pictures:

https://www.dropbox.com/sh/3c6kxaf54g7f2u2/AABwO57tXz70_7FRa7qv0V0-a?dl=0

Chicago Belmont Heights Flip:

28% ROI!!!

This is a Single family home in an upper income area! Its near many restaurants, express-ways, and a movie theatre. Ohara airport is also not too far away. This home has a great ROI with excellent flipping potential in a high demand area.

Property Address:

3217 N. Octavia Ave, Chicago, IL, 60634

Property Details:

Sided story home

3 beds

2 bath

1,513 sq. ft.

Year Built:1941

Partial finished basement

Taxes(2016): $3,632

Price:

Purchase Price: $150,900

Rehab Price: $110,000

Total Price: $277,500

ARV Range: $355,000

Gross Profit: $78,000

ROI: 28%

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. Additional room can be added to the house for a 4/3

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

Total Rehab Cost: $110,000 (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 $3,500 earnest money gets the deal
  • This is an IRA Qualified investment

CONTACT DETAILS

Phone: 7734017321(Text or Call)

  • Elbert D.
  • Offering

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