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OUTSTANDING 14-Unit!

Washington Park Area Investment Property

Property Information

Status: Sold or NLA They go fast!
Lead Type: Wholesale Deal
Property Type: Multi-Family
Bedrooms: 4+
Baths: 4

Property Location

Market: Chicago
Street Address: 5618 S Martin Luther King Dr
City: Chicago
State: Illinois
Zip Code: 60637
Part Of Town: Washington Park

The Numbers

This information is provided by the seller. All figures, including Estimated After Repair Value (ARV) and Estimated Cost of Repairs, are estimates. Please do your own due diligence.
Est. After Repair Value (ARV): $499,000
minus Seller's Asking Price: $265,000
minus Estimated Cost of Repairs: $50,000
equals Profit Potential of: $184,000
How to Fund Your Purchase: Funding Options
How to Access Property: Call MICHAEL for showing of property.
How Seller Determined ARV: $35,000 per door is average price for units like this in this area.

Seller Information

Seller Name: Michael Abraham
Contact Phone: Property is no longer available.
Contact Email: Property is no longer available.

Seller's Comments

About Property

Property consists of 14 units with 1-bedroom/1-bath each. Most units in good shape, but need updates. On an awesome block. We have already rehabbed the 1st floor and basement. BEAUTIFUL building. Some tenants in place and paying. Good cash flowing building in a GREAT area.

About Repairs

Updates and lipstick. Mechanicals in place and some rent paying tenants in place as well.

Miscellaneous

We are principals, not wholesalers, so decisions can be made quickly. More photos can be found at: https://www.evernote.com/shard/s84/sh/ae7bde64-a439-4a3b-907e-d0f6b5831de4/56ca8766b9c7040c5b7643b4f96cdfd8 https://www.evernote.com/shard/s84/sh/122e743e-c750-4821-8de9-451bcceb3be0/566a1722873a2dfe8d23dbd7910d80cf

Resources

Fund this deal by borrowing from a Private Lender.

Maximize your profits with this Investor Training.

Utilize these investor-friendly Contractors and Other Vendors.

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Chicago Property Investment | Property Investment