Property Details:

Property needs some work but has excellent potential. Many rehabs recently completed in the area. Great upside possibilities!

 Features:

·        2 Stories Brick

·        1^st floor has update Kitchen and Bath with 2 bedrooms, 1 bath, and hardwood floors. 

·        2^nd floor had 3 bedrooms and 1 bath

·        Full size basement

·        2 Garage (not rented)

·        Separate utilities

·        Gas Forced Air

·        Rents total to $1,550/mo

Repairs:    Approximately $10,000-$12,000 in excellent condition

Note:           There are code violations on the property but, most of the violations have been taken care of.

1^st Floor:    Was redone a couple of months ago.  It’s in excellent condition

2^nd Floor:  

Kitchen:  Could be updated but, it’s functional

Bath:  Could be updated but, it’s functional

Living/Dinning room:  Repaint

Bedrooms:  Repaint

Basement:  ½’ drywall on basement ceiling, replace light fixture on                front door

Porch

Front porch:  Repair mortar joints on front stairs, rusted lintels

Rear porch:  In good condition

This property is ideal for:

·       Fix a few items and Rent

·       Fix a few items and Sell

·       Fix a few items and Sell on land contract

·       Fix a few items and Sell on lease option

After Repaired Property Value: $ 315,000-327,000

Comparables, all within ½ mile

Contract price: $ 260,000

 Your potential Profit: $50,000 to $60,000 in equity plus cash flow!!!

Call William Delgado at 773-295-2334 to schedule a showing or e-mail him here

*Only serious investors w/ proof of funds inquire.  No Wholesalers!

Private Lenders:

Do you have cash or IRA dollars that are not earning you a high return safely?