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Updated about 9 years ago on . Most recent reply

User Stats

73
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20
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Derek Walvoord
  • Rehabber
  • Chicago, IL
20
Votes |
73
Posts

Bought my first BRRRR, a two unite 3/2 in Woodlawn/Chicago

Derek Walvoord
  • Rehabber
  • Chicago, IL
Posted

I have flipped a few houses, but wanted to try keeping and renting.  I just closed on a jumbo two unit in the Woodlawn neighborhood of Chicago.  2 3/2's.  First floor is in pretty good shape, and the second floor needs some work.  As a bonus, I found a secret safe on the second floor behind a sliding panel!  Unfortunately, the safe is empty.  The guy who owned the building in the 40's-60's apparently was involved in "the numbers".  If I can figure out how to post pics, I will do so.  I might start a blog here on the site to show progress.  Thanks all!  Derek

  • Derek Walvoord
  • Most Popular Reply

    User Stats

    298
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    261
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    Nnabuenyi Anigbogu
    • Chicago, IL
    261
    Votes |
    298
    Posts
    Nnabuenyi Anigbogu
    • Chicago, IL
    Replied

    Congratulations. I would love to know the price point you are operating at in that neighborhood. I like to compare and contrast for my area (Northside) and see how the numbers play out. 

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