25%+ Equity: 2 United Center Park Condos Chicago - Rent or Flip

[Fernando Angelucci]

We have available for assignment two condos in the red hot United Center Park neighborhood, just a couple blocks from the United Center, Rush Hospital, Malcom X College, and more! The two condos are available for $350,000 total with a market value of $470,000.00 total. That's over a 25% return just for doing cosmetic upgrades and listing them on the market. Or keep them for rental income and rent each unit out for $1,600+ for long term tenants, or AirBnB the units for United Center event attendees, Rush Hospital patients' families, college student families, tourists, etc.

120 S. Leavitt, Unit 2&3, Chicago, IL

Built 1999

2 bedrooms, 2 baths per unit

1,350 sq. ft. per unit

Deeded gated parking spaces come with the units

Unit 2

Taxes: $3,143.30

Vacant; potential rent: $1,600

Rehab Needed: Nothing for rental; cosmetic upgrades if for a flip.

Unit 3

Taxes: $3,594.79

Rented at $1,635 until 4/30/18

Rehab needed: New carpet and cosmetic upgrades if for a flip.

The two condos need to be bought together. The first floor unit is also available for an additional $205,000 if you would like to own the entire building and de-convert from condos into a single PIN triplex.

MLS Comparables: https://www.dropbox.com/s/a441dnaw5yuwrl5/MLSComparables_120_Leavitt_Chicago_IL.pdf?dl=0

Unit 2 Photos and Videos: https://www.dropbox.com/sh/fuv049z4pypbry4/AADMUbqyDSbi6taps4OwojZma?dl=0

Unit 3 Photos and Videos: https://www.dropbox.com/sh/m3gp24w10qrmfkr/AABPqYAzqGgF6LCq1haH7DP-a?dl=0

Rental Reports: https://www.dropbox.com/sh/e4btlgwzhex1kfy/AAAlCf2lL19DbqiilgLgBbaea?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 as this deal will not last long!