** Updating ** Our Chicago New Construction SFR ** Complete **

[Jonathan Klemm]

Investment Info:

Single-family residence fix & flip investment in Chicago.

Purchase price: $320,000
Cash invested: $650,000
Sale price: $1,200,000

Contributors:
Bolanle Ogunmakin, Thomas Zidron, Prashanth Mahakali

New construction single-family development. We purchased a double lot which included this one and finally broke ground on construction. This will be a high-end single-family residence in Bucktown.

What made you interested in investing in this type of deal?

double lot

How did you find this deal and how did you negotiate it?

MLS deal

How did you finance this deal?

Bank Loan using the equity in the lot as the downpayment

How did you add value to the deal?

Ground-up new construction

Lessons learned? Challenges?

Get water service in first thing. Don't delay for other trades.