Forest Park (Chicago West Suburb) Fix and Flip: 30% ROI

[Fernando Angelucci]

Hello BP!

We have available for immediate assignment a single-family home fix and flip project in Forest Park. A showing has been scheduled for the weekend of the 10th.

839 Harlem Ave., Forest Park, IL 60130

Price: $135,000

Built: 1899

Building Size: 1,997 sq. ft.

Lot Size: 4,687 sq. ft.

Taxes (2016): $6,849.41

Insurance: $1,642.00

Beds: 4

Baths: 2.5

Estimated Rehab: $130,000

Estimated ARV: $365,000+

Estimated ROI: 30%

Details: This frame property was converted from a duplex into a single-family home with 3 above ground living levels. One block from Maple Park, two blocks away from the Harlem train stop, four blocks away from the Park District of Forest Park and less than a mile from Rush Oak Park Hospital and the Forest Park Plaza. Less than 3 miles from multiple 10/10 GreatSchools Rated schools. Easy access to 290-E for a quick commute to Chicago. Interior demolition and garage demolition have been completed. Needs full rehab finishes and two car garage build. Taxes have not been contested and can be reduced.

PHOTOS and VIDEOS: https://www.dropbox.com/sh/3r01en4efq7cpv7/AACyQLGWY0yiLpfQdeHWbiuYa?dl=0

MLS Sold Comparables: https://www.dropbox.com/s/3f9ie401cygfrq2/839%20Harlem%20Ave.%2C%20Forest%20Park%2C%20IL%20MLS%20Sold%20Comparables.pdf?dl=0

Third Party CMA: https://www.dropbox.com/s/vlecrefgwiwszi8/839%20Harlem%20Ave.%2C%20Forest%20Park%2C%20IL%20CMA.pdf?dl=0

Plat of Survey: https://www.dropbox.com/s/z8yewnpauchyy08/839%20Harlem%20Ave.%2C%20Forest%20Park%2C%20IL%20Plat%20of%20Survey.pdf?dl=0

The deal goes to the first investor to sign the assignment of contract and remit the assignment fee. Please let us know if you have any questions or interest as this one will not last long!