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For sale 10 days ago

$175,000

2 bd 1 ba 1118 sqft

1407 S 16th Ave., Maywood, IL 60153

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$2,650

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Jon Tigchelaar

OFF MARKET Perfect for investors

I am looking for $175,00 OR BEST OFFER. I am the owner by contract of the property located at:

1407 South 16th Ave.
Maywood, IL 60153

This house has 2 bedrooms and 1 bath. It was built in 1923 and is 1,118 square feet. It has an unattached 2 car garage.

The home is structurally sound, but it will need some work. I anticipate it needing $20,000 - $30,000 in rehab work with an after repair value of $243,000. Recently sold similar homes are selling for $267k - $329k.

The property is NOT vacant. Please do not disturb the owner… this home is occupied.

Please contact me to schedule a time to show or with any questions. Feel free to call or text at 630-296-7304.

Location:

1407 S 16th Ave., Maywood, IL 60153

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.