This is an amazing opportunity in the SUPERHOT Humbolt Park area in Chicago. This is a great investment for a flipper or someone looking for instant equity. HOT Humboldt Park RE Investment in Chicago. This all brick single-family house is currently offered at only $225,000. Estimated After Rehab Valuations is $450,000. This property has 3 bedrooms and 2 full bathrooms. This property has a corner lot with a side entry garage for easy in and out. It is 1086 square feet (tax records) and the lot is 2953 square feet. It also has a detached 2 car garage, full unfinished basement, and 2nd floor ready for a new master suite with bathroom. Also, add a second bedroom or loft area on the 2nd floor. Finish the 2nd floor to add almost 1,000 additional square feet. Property needs a full gut rehab for the highest resell value. Act fast this HOT RE Investment in Humboldt Park Chicago won’t last long. Here are a few similar comps:
About Humbolt Park
Humboldt Park, one of 77 designated community areas, is on the West Side of Chicago, Illinois. The Humboldt Park neighborhood is known for its dynamic social and ethnic demographic change over the years. Humboldt Park is also the name of a 207-acre (0.8 km²) park adjacent to the community area.
HOT Humboldt Park RE Investment in Chicago in contrast to the Humboldt Park Official Community Area, the Humboldt Park Neighborhood’s borders include Western Avenue to the east, Pulaski Road to the west, North Avenue to the North, and the Union Pacific tracks to the south. The railyards southeast of Grand and Sacramento are also part of the community area. There are two distinct areas of Humboldt Park (the neighborhood): East Humboldt Park (In the West Town Community Area) and West Humboldt Park (In the Humboldt Park Community Area), divided by Sacramento Boulevard.
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This HOT Humboldt Park RE Investment Chicago is being sold AS-IS.
We are only accepting CASH or Hard Money OFFERS ONLY
ARV $450,000.00 Purchase Price $225,000.00 Rehab Costs: $95,000.00 Total Cost: $319,900* Equity: $130,100 Total Profit: $130,100.00*
* not including holding and closing costs
Looking for a quick cash sale. For experienced investors only.
SERIOUS BUYERS ONLY NO WHOLESALERS, $10,000 NON REFUNDABLE EARNEST DEPOSIT REQUIRED.
TERMS OF SALE:
THIS IS A CASH ONLY DEAL. Please complete your due diligence before contracting.
• Buyer pays ALL closing costs which include transfer taxes, title insurance, and title company fees We receive a substantial discount from our title company and will pass those savings along to you
• Buyer will receive taxes prorated to 100 percent and free and clear title
• Proof of funds required for viewing
• The first investor with a signed contract and earnest money gets the deal
This information is deemed reliable, but please complete your own due diligence.
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Please move swiftly, this one won’t last long!