Listing Description
We are pleased to present a cash-flowing, 4 home package consisting of 18 bedrooms and 7 bathrooms for $420,000 ($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!