🔥 ABSOLUTE STEAL for the Right Investor 🔥
👉🏼 8559 S Escanaba Ave, Chicago, IL 60617
💰 Rehab Loans | Hard Money | Cash Buyers Welcome
🚨 This is your chance to secure a cash-flowing 4-unit property with massive upside potential and a rehab that’s already 45% completed! Whether you’re a first-time investor or a seasoned pro, this opportunity is perfect for anyone looking to step into a high-equity deal without starting from scratch.
🏠 Layout:
-
(3) Units – 2 beds / 1 bath
-
(1) Units – 3 beds / 1 bath (with 12 ft ceilings)
-
Unfinished basement with potential for laundry area or extra storage
🚗 Off-street parking with a 2-car parking pad in the rear.
💵 Total projected rent: $5,500/month — that’s $66,000+ per year!
🏗️ Potential to profit $100K+ in equity after some TLC.
📍 Prime location:
- Just blocks from the PSI Quantum Campus Project at the former USX site
-
5 min walk to the new South Chicago Dispensary & Metra train
-
10 min walk to Rainbow Beach
-
Near schools, shopping, and major upcoming economic developments
🚀 Perfect chance to invest in a fast-growing market with long-term upside.
📈 Investment Breakdown:
- 🔑 Sale Price: $175,000
- 🛠️ Estimated Rehab Costs: $140k
- 💎 After Repair Value (ARV): $475,000
- 🏠 Taxes:$2,953
- 💰 Rents: $1,300/2bd | $1,600/3bd
🏠 Comparable Sales (Comps):
- 💰 $500,000 – 8150 S Merrill Ave, Chicago, IL 60617
- 💰 $485,000 – 8707 S Manistee Ave, Chicago, IL 60617
- 💰 $425,000 (3-unit) – 8819 S Escanaba Ave, Chicago, IL 60617
This property is perfect for your next rental. Don’t let this deal pass you by!