Brick 2 Unit with Garden in North Lawndale (60% done!) $99K ARV $225K For Sale

  • $99000
  • 6 beds
  • 3 baths
  • 2971 sqft
4148 W Cermak Rd Chicago, IL 60623
6 Bed 3 Bath
2 Car Garage
Finished Basement (Garden Unit)
2971 Sq Ft (Does not include basement)
3750 Sq Ft Lot
2017 Taxes: $4413Price: $99,000
Rehab: Finish off 1st and 2nd unit
ARV: $225,000
CLICK HERE FOR ALL PICS
Description

Lots of work done on this huge brick 2 unit with a legal garden unit. There were 3 beds per unit but owner had units redone to have 2 large bedrooms per unit. All units are 2 bed 1 bath with separate utilities and laundry hookups in each unit. Garden unit is finished and only needs minor drywall repair. Building has all new windows as well.

1st unit has most of drywall up but needs carpentry work. Cabinets, counter tops, plumbing, and electrical are in good shape. Will need HVAC and cosmetics.

2nd unit is framed with electrical and plumbing in tact. Furnace is in place but needs duckwork, drywall, and cosmetics.

Most exterior work is completed. New cement, landscaping, iron rod fencing, 2 carage garage, and rear porch.

 

******BONUS – Owner is including the following

  1. Cabinets in 2nd unit 
  2. Appliances for all units except refrigerators
  3. Lots of finishing items like doors and trim as well 
Rents:  Up to $3200 per month. That’s $38,400 per year and over 12% net cap rate!
CLICK HERE FOR RENTAL ANALYSIS

Comps

None of these have a garage or individual laundry hookups!

1) 4246 W 21st Pl Chicago, IL 60623 – 8 Bed 3 Bath 3664 Sq Ft – Sold 3/21/18 For $253,000 – 0.3 miles away – on market 10 months

2) 4218 W Ogden Ave Chicago, IL 60623 – 6 Bed 3 Bath 2558 Sq Ft – Sold 2/28/18 For $244,500 – 0.5 miles away – on market 3 months

3) 1520 S Hamlin Ave Chicago, IL 60623 – 7 Bed 3.5 Bath 2120 Sq Ft – Sold 5/4/18 For $231,500 – 0.9 miles away – on market 4 months

  • We are selling our interest in the contract we have on the property
  • Taxes will be prorated at 100%
  • Buyer will receive title free and clear
  • Please do your own due diligence before contracting
  • Buyer pays ALL closing costs
  • Cash or hard money only
  • POF required for viewing

*All information is deemed reliable, but not guaranteed.

Wholesalers
Please do not post property on any website. Also you must be direct with buyer, no daisy chains.

Buyers
A signed assignment contract and earnest money gets the deal. Cash buyers are required to give a $2,500 EM deposit. Hard money buyers are required to give $3,500. All earnest money will be held by our attorney or closing title company.

Brokers
Please add your commission to the sales price

Price:
$99000
Address:
4148 W Cermak Rd
Chicago, IL 60623
Square Feet:
2971
Lot Size:
3750
Bedrooms:
6
Bathrooms:
3
Terms:
For Sale
Property Type:
Duplex
Year Built:
2971
Basement:
Finished Garden Unit
Const. Type:
Brick

Call (312) 800-1617 for more details

Property Location

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