[$140k] Investment property in Chicago, New City area 3-unit. – Estimated ARV: $250,000.

Address: 1525 W 51st St Chicago, IL 60609

Asking price: $140,000
After repair value: $250,000

7 Bedrooms

5 Bathrooms

1,526 Sq.Ft.

3,157 Sq.Ft. Lot

2-Car Garage

Built in 1898

Investment property in Chicago, New City area.

3 units with 7 beds, 5 baths, 1,526 sq feet, 2 car garage, unfinished basement. 

  • 1st unit 5 bed 2 baths.
  • 2nd unit 2 bed 1 bath.
  • 3rd unit Commercial space. 

Property is already rented out needs minor cosmetic rehab.

Rehabbed sold comparables in New City area of Chicago IL sold within 1/2 mile away and in the last 6 months average $250,000.

Current rents are low property can be rented for up to $3,900 per month. 

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This will be gone Fast. The first one with a signed contract and earnest money gets the deal.
 
We have an equitable interest in the property and we are selling our contract. 
 

Cash or private/ hard money only. We have affiliated lenders ready to lend contact us.

Buyer pays ALL closing costs which include Transfer taxes, title insurance, and title company fees.

Buyer will receive taxes prorated to 100 percent and free and clear title.

Please do all your inspections and due diligence up front before contracting.

Realtors add your commission to the price.

Proof of funds required for viewing.

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