For sale by Owner
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Tons of equity and not listed on MLS!
3 BR, 2.5 BA
8827 S Carpenter st, Chicago, IL
Vacant and secured SFH in peaceful Auburn Gresham. It was built in 1914 on a 4166SqFt lot. The unit itself is 1104SqFt and 3BR/2.5Ba with a detached garage. Walking distance to the Metra, access to Dan Ryan within minutes and there's an elementary school just around the corner. A mini rehab was done within the last five years and included a new water heater, boiler tank, and roof. Comps are very good $148k-$175k. Asking $85K. Mostly cosmetic repairs are needed as kitchen and bathrooms need updating and some new drywall will be needed in a few spots as well as a fresh coat of pain throughout. Drywall, appliances and minor bathroom repairs are all that's needed for this to be habitable if you'll be occupying this home. All together expect to spend about $115k, but with a potential sales price up to $165k you'll still get a ROI of 37%. Expect a REFI cash out of at least $125k and great cash flow of $500 plus per month net if you're holding this property. I'm what you would call a motivated seller. I'm leaving the state and need to unload this so only cash offers will be considered. Principles buyers only please. The less people involved the sooner I can unload this property and go on with my life. Soaring Business Group 630-352-0315
1,104 sq. ft.
For sale by:
April 22 on Facebook