🏢 Investment Opportunity: 4-Unit Brick Building in Greater Grand Crossing!📈
Attention investors! This 4-unit brick property in the up-and-coming Greater Grand Crossing neighborhood is ready for your vision. Perfect for a flip or a buy-and-hold strategy!
✨ Property Features:
- (2) 2-bedroom/1-bath units and (2) 1-bedroom/1-bath units.
- 2 units are tenant-occupied, while 2 are vacant and ready for updates.
- Newer boiler and hot water heater for long-term efficiency.
- Roof requires minor repairs, and interior units need cosmetic updates—perfect for adding value.
- Well-kept common areas, enhancing the property’s appeal to tenants.
📍 Located in Greater Grand Crossing, a neighborhood on the rise with growing demand for quality rentals and exciting developments like Xchange Chicago—a $20 million Tech Training Center. This first-of-its-kind project will provide jobs, apprenticeships, and training opportunities in the tech industry, bringing immense value to the area.
📈 Investment Breakdown:
- 🔑 Sale Price: $315,000
- 🛠️ Estimated Rehab Costs: $60,000
- 💎 After Repair Value (ARV): $460,000
🏠 Comparable Sales (Comps):
- 💰 7758 S Evans Ave, Chicago, IL 60619 – $460k
- 💰 7940 S Saint Lawrence Ave, Chicago, IL 60619 – $460k
- 💰 7947 S Vernon Ave, Chicago, IL 60619 – $460k
🏢 Market Rents:
- 💰 1 bedroom – $1075
- 💰 2 bedroom – $1500
Bring your vision and unlock the potential of this amazing property. Whether you’re looking to flip or hold, this is a deal you don’t want to miss!
📲 Text or call Hassan at 773-514-3608 today for more details or to schedule a showing. Don’t miss your chance to secure this deal!