Pricing a SFR Englewood neighborhood, Chicago, IL

[Markeilsha R.]

I have found an inherited, non-listed FSBO in the engle wood neighborhood of Chicago, IL. I would like to make the seller an offer, BUT learning from mistakes of the past I want to make sure I price things right, since this is a bad neighborhood. The house is actually really nice. SFR 1800sqft, 3/2 with a two car detached garage. She wants 45k, and repairs are about 5-7k. Based on the comps the property could be worth high 60's low 70's, but factoring a neighborhood in idk.

How much would a buy & hold investor in this area pay for this type of property?  

[Jerry Brown]

I've invested in the area before, and as some have said - it's pretty hit or miss. From block to block, it can vary greatly... If you'd like, I'd be more than happy to give my opinion, free of charge. Send me an email or PM and I'll do what I do best!