Pilsen Greystone 3 flat on the El Paseo Trail

[Michael Kevorkian]

Investment Info:

Small multi-family (2-4 units) wholesale investment in Chicago.

Purchase price: $325,000
Cash invested: $1,000
Sale price: $405,000

Brought to me by a Realtor as an off market deal. Signed the contract, sent a few emails out to my top buyers and sold it in a week. The buyer funded the property, listed on the MLS and sold it as-is for $576,000!

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

Sweet deal

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

Realtor, paid the price she negotiated with the seller.

How did you finance this deal?

N/A wholesale

How did you add value to the deal?

Bought it right

What was the outcome?

Sold to another investor

Lessons learned? Challenges?

Should have funded it and sold on the MLS. I left $150,000 net dollars on the table that someone else got.