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Updated almost 7 years ago on .

User Stats

319
Posts
153
Votes
Larmon Cummings Jr
  • Flipper/Rehabber
  • Chicago, IL
153
Votes |
319
Posts

Brick 3-Flat In South Chicago Area At Wholesale Pricing!!!

Larmon Cummings Jr
  • Flipper/Rehabber
  • Chicago, IL
Posted

Here is a new property that I need to get rid of. It sits on a very quiet block in the South Chicago area. The 1st & 2nd fl units need most of the work with the 2nd fl unit not needing much work at all, only some cosmetic updates. All of the units have 2bds 1ba, hardwood floors, and large living room areas. The property has current building violations, but all of which will be taken care of during the renovation. There is a new boiler under 1yr old and a newer HWT, separately metered units, and a brick 3ca garage!! Multi-unit properties in this area have been appreciating very rapidly and are in high demand. This is property has been a long time family home and now presents an opportunity to renovate it and make it shine once again. Not sure how long this one will last, so if you're interested let me know as soon as you can. Thanks

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.
We also have contractors that are licensed, bonded, and insured ready to give you a free quote today.
Buyer pays ALL closing costs which include transfer taxes, title insurance, and title company fees. Buyer to take property subject to current building violations.

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 generously 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

Address: 8611 S. Yates Blvd. Chicago **South Chicago Area**
-6bd 3ba
-2bd 1ba /unit
--Brick 3-Flat
Full U/F basement
-Brick 3ca garage
-4,045 sq.ft/ Lot 5,000 sq.ft

Asking: $115k + Buyer pays ALL title closing costs (transfer stamps, title insurance, title company fees). Buyer to take property subject to current city violations. **See list inside pictures**

ARV: $239k

As-Is Value: $145k

Repairs: $75k

Potential Rent:
$850-900/Unit
$2,550/mo **Source: www.rentometer.com**

Link To CMA:

http://cloudcma.com/pdf/5b72b33152f2207057cfeab1f5e0cad8

Dropbox Link To View Pictures:

https://www.dropbox.com/…/76vbe7…/AABsCeR_3kvlHNK98kVSnkIea…

Link To Trulia:

https://www.trulia.com/…/8611-s-yates-blvd-1fr-chicago-il-6…

Offering