5 Bed 2.5 Bath that was priced about 60k below market value

[Nick Strandberg]

Investment Info:

Single-family residence buy & hold investment in Mundelein.

Purchase price: $215,000
Cash invested: $7,000

Bought a 5 bed 3 bath house with my brother and we are currently renting it out. All it needed was some flooring in the lower level and new carpet for the hall and stairs. Thinking of making the downstairs half bath into a full bath

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

It was priced well below the other properties in the area