Attention investors!
Here’s a rare Subject-To opportunity in West Roseland with strong cash flow, low entry cost, and built-in equity potential.
This large Chicago 2-flat with an unfinished basement offers excellent rental potential with existing financing already in place.
Deal Highlights
• Sub-to Buy-In: $29,000
• Estimated Repairs: ~$25,000 to make rent ready
• Mortgage Balance: $144,368
• Interest Rate: 3.6%
• Monthly Mortgage Payment: $900
Rental Potential
• Unit 1: ~$1,400/month
• Unit 2: ~$1,400/month
💰 Total Potential Rent: $2,800/month
With the mortgage payment at only $900/month, this property has the potential to produce excellent monthly cash flow once stabilized.
Perfect for investors looking to own a cash-flowing property without needing a lender.
Property Features:
• Large classic Chicago 2-flat layout
• Unfinished basement with additional value-add potential
• Located in West Roseland, a solid rental market
• Ideal buy-and-hold investment
🏠 Comparable Sales (Comps):
• 💰 $340,000 – 11427 S Prairie Ave, Chicago, IL 60628
• 💰 $319,000 – 11009 S Normal Ave, Chicago, IL 60628
Why This Deal Works
With only $29K buy-in and about $25K in updates, you can control an $1800/mo cash-flowing asset with a 3.6% interest rate, which is extremely rare in today’s market.