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Updated almost 7 years ago on .
![Larmon Cummings Jr's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/168870/1621421003-avatar-shyneeveryday.jpg?twic=v1/output=image/cover=128x128&v=2)
CHICAGO FRAME 2-FLAT AT WHOLESALE PRICING!! **WEST PULLMAN AREA**
Here is a off-market frame 2-flat on a very quiet block in the West Pullman Area. It sits minutes away from major highways, public transportation, shopping center, and the list goes on! Don't miss the opportunity to bring this cash cow back to life and start earning passive cash flow monthly! 1st fl unit (2bd 1ba) needs the majority of the work-paint, flooring, doors, kitchen and bath updates, and patch a couple of areas in the ceiling where water leaks damaged the drywall. This unit will need about $15-17k or so of rehab work depending on the finishes applied. 2nd fl unit (1bd 1ba) is not in bad condition, only needing some cosmetic repairs like paint, few areas of drywall replacement from roof leak, replace a couple of doors, kitchen & bath can be updated with minor repairs, flooring can also be changed-maybe $10k or so worth of work. Would also need to change out both HWT's, both furnaces are working but may need some maintenance. Exterior of property needs a new roof, replace a couple sections of fencing thats missing, some capping/fascia work, concrete work on porch, and other misc. repairs. Windows are under 10yrs old. All contents inside of property will be removed prior to closing. Not sure how long this one will last, so if you're interested let me know asap.
12001 S. Perry Ave. Chicago **W. Pullman Area**
-Asking: $27k +cc- 1bd 1ba --Unit #2 ($600-650/mo Potential Rent)
- 2bd 1ba --Unit #1 ($750-800/mo -Potential Rent)
- Both units separately metered
- Each unit has own separate furnace, No central air
- 2ca Garage
$1,350-1,450/mo Gross Rent Potential!!!
ARV: $95-100k
As-Is Value: $40-45k
Repairs: $40-45k
CMA Link:http://cloudcma.com/pdf/bebec046b20c72fc01f8c64fd4...
Dropbox Link To View More Pictures:
https://www.dropbox.com/sh/uw3hrdvgppvujh2/AADnNaJ...
ACT FAST, THIS WILL NOT LAST LONG!!! THE FIRST ONE WITH A SIGNED CONTRACT AND EARNEST MONEY GETS THE DEAL!!!!
We have equitable interest in the property and we are selling our contract.
Cash or private/ hard money only. We have lender referrals ready to lend- contact us.
Buyer pays ALL title closing costs which include transfer taxes, title insurance, and title company fees.
Buyer will receive taxes prorated at 100% with a free and clear title. Property being sold "As-Is" with no warranties by Seller.
Please do all of your inspections and due diligence up front before contracting.
Realtors add your commission to the price.
Proof of funds required for viewing.
Do you know someone that would buy this deal?? Please forward this email as we do compensate for referrals.
If you have a property you want to get rid of, want a quick sale, and need a buyer-contact us today.
For showings email: [email protected] or text (708) 304-3129