Brick 2 unit with legal garden in HOT Austin area only $104K ARV $275K Pending

  • $104000
  • 6 beds
  • 3 baths
  • 2263 sqft
Pending
5565 W Gladys Ave Chicago, IL 60644
6 Bed 3 Bath (Can be 9 bed 3 baths)
No Garage
Finished Garden Unit with 2 bed 1 bath and laundry room
2263 Sq Ft
3968 Sq Ft Lot
Vacancy: Tenants at will
2017 Taxes: 2426.04Price: $104,000
Rehab: Major
ARV: $275,000
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Description

Get this beautiful large brick 2 unit with legal garden, 6 Bed 3 Bath in the booming Austin area. Units are large and can easily be turned into a 3 Bed 1 Bath for a total of 9 Bed 3 Bath! Properties similar to this one are selling between $250K-$310K in Austin! This building is livable but will need total updating as it has never been updated. Very little exterior work needs to be done as well.

All tenants are are not on a lease. It will be buyers responsibility to have tenants removed.

Rents:  Can rent up to $3,400 per month or $40,800 annually!
CLICK HERE FOR RENTAL ANALYSIS
Comps

1) 5068 W Monroe St Chicago, IL 60644 – 6 Bed 2 Bath 2992 Sq Ft – Sold 8/16/18 For $310,000 – 0.8 miles away – on market 1 month

2) 5080 W Monroe St Chicago, IL 60644 – 5 Bed 2 Bath 2432 Sq Ft – Sold 7/13/18 For $285,000 – 0.8 miles away – on market 3 months

3) 4940 W Erie St Chicago, IL 60644 – 7 Bed 3 Bath 2582 Sq Ft – Sold 8/3/18 For $275,000 – 1.5 miles away – on market 2 months

4) 555 N Lawler Ave Chicago, IL 60644 – 6 Bed 3 Bath 3080 Sq Ft – Sold 6/28/18 For $265,000 – 1.5 miles away – on market 2 months

5) 5429 W Quincy St Chicago, IL 60644 – 6 Bed 2 Bath 2590 Sq Ft – 5/30/18 For $255,000 – 0.4 miles away – on market 3.5 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:
$104000
Address:
5565 W Gkadys
Chicago, IL 60644
Square Feet:
2263
Lot Size:
3968
Bedrooms:
6
Bathrooms:
3
Terms:
For Sale
Property Type:
Duplex
Year Built:
1952
Basement:
Finshed - Garden unit
Const. Type:
Brick

Call (312) 800-1617 for more details

Property Location

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