Brick 2-Flat Near Tri-Taylor in Chicago, IL

[Fernando Angelucci]

We have available for immediate assignment a brick 2-flat in Northeast Lawndale, just west of Tri-Taylor by a few blocks. See below for details and showing times.

1113 S. Sacramento Blvd., Chicago, IL 60612

Brick 2-Flat

Price: $75,000.00

5 Bedrooms, 2 Baths Total

Unit 1: 2 bedroom, 1 bath | Unit 2: 3 bedroom, 1 bath

Property Size: 1,968 sq. ft.

Lot Size: 3,150 sq. ft.

Taxes: $4,202.90

Fix and Flip

Estimated Rehab: $80,000.00

Estimated ARV: $225,000.00

Estimated Profit: $47,500.00

Estimated ROI: 30.65%

Fix and Hold

Proforma Rent: $1,000 (2 bed) | $1,350 (3 bed)

Proforma NOI: $16,920

Proforma Cap Rate: 11%

Details: This brick 2-flat is not in need of a complete gut but does need rehab throughout. The property features hardwood floors and a solid layout. The property is currently vacant but once rehabbed, the 2-bedroom unit can be rented for over $1,000 per month and the 3-bedroom unit can be rented for over $1,350 per month. The 2-flat is located a block off of the Roosevelt retail corridor, near Douglas Park, Mt. Sinai Hosptial, and Lagunitas Brewing Company.

PHOTOS AND VIDEO WALKTHROUGH:https://www.dropbox.com/sh/8cmjvha9ylizoci/AABjciFvMpX4fXi1UP8qTpDca?dl=0

MLS SOLD COMPARABLES:https://www.dropbox.com/s/radng0gumf0hy2g/MLS%20Sold%20Comparables%20for%201113%20S.%20Sacramento%2C%20Chicago%2C%20IL.pdf?dl=0

We will be conducting private showings upon request. Please contact us for access.

The deal goes to the first person to sign the assignment of contract and remit earnest money. If you are a wholesaler interested in marketing the deal, you must receive our explicit approval before doing so. Please do not hesitate to contact us with any questions, interest, or showing requests.

Fernando Angelucci

Senior Managing Partner

Titan Wealth Group

Touchstone Group RE

(630) 408-8090

3023 N. Clark St., #140

Chicago, IL 60657