Cook, US
We are pleased to present a cash-flowing, 4 home package consisting of 18 bedrooms and 7 bathrooms for $384,000 ($96,000 each or $110,000 each if purchased individually). All homes were renovated between 2005-2010. A buyer can invest $25K-$40K per property and flip them for $250K-$290K. The package includes: 1) 7934 S. Saginaw in Chicago's super-hot South Shore neighborhood! A jumbo 6-bedroom 2-bathroom that could become a 7/3 with some expansion into the basement. The long-term tenant is paying a way-below-fair-market rent of $1,050. 2) 7053 S. Winchester, which is a 4-bedroom 2-bathroom SFH in Super-Hot West Englewood that can be expanded to a 5/3. It too is rented below market for $1,100. 3) 6011 S. Paulina is a 4-bedroom 2-bathroom Englewood home that can become a 5/3 with basement expansion. Rented to a long-term, below-market tenant for $1,000. 4) 6428 S. Seeley, also located in super-hot Englewood, is 4-bedroom 1-bathroom home in Section-8 service for $1,150. All of these homes could easily command $1,500+ in monthly rental income, which conservatively raises the cap rate to 14%. Please note: Seller has access to the adjacent lot immediately to the south of the subject, which would make an excellent outdoor entertainment area or urban garden!
Courtesy Of: SRFG, Inc
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 06/11/2022
Interior Features
- Living Area Source:
- Landlord/Tenant/Seller
- Bedrooms Possible:
- 4
- Bathrooms Full:
- 2
- Rooms Total:
- 6
- Basement Description:
- Unfinished
Exterior Features and Amenities
- Lot Size Dimensions:
- 25X125
Financial
- Days On Market:
- 109
- Tax Annual Amount:
- $1,309.00
- Tax Year:
- 2020
Other Features
- Elementary School District:
- 299
- High School District:
- 299
- Middle Or Junior School District:
- 299
- Age:
- 100+ Years
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2024-11-18.
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