$ 45,000.00

  • Bedrooms: 3
  • Bathrooms: 1
  • Area: 1059 sq ft
  • Lot size: 4612 sq ft
  • Year built: 1956

Description

Fixer upper in Chicago, IL / West Roseland that would be a great opportunity for an investor or buyer looking for a fixer upper that can be turned into a cash flowing asset.  Property sold as-is and all offers will be considered!  Bring offers as we are motivated to sell it quick and will work to put together a great deal for you. Property was a bank owned foreclosure recently purchased at auction and is still occupied.  New owner will be responsible for eviction of current occupant.

11519 S Stewart Ave Chicago, IL 60628

3 Beds / 1 Bath  1,059 square feet

Cash Price:  $45,000 or best offer

Financing Available:  $2,500 down,  $595 month

Average Rents in Area:  $1,100

Comparable Sales:

424 W 117th St Chicago, IL Sold for $56,000 July 2018

11727 S Normal Ave Chicago, IL Sold for $55,000  Jun 2018

622 W 116th Pl Chicago, IL Sold for $85,000 Sept 2018

11608 S. Lowe Ave Chicago, IL Sold for $82,500 July 2018

Fix up and make a rental:

$45,000 purchase price

$500 closing costs

$10,000 estimated repairs

Total Invested:  $55,500

Gross Annual Rent:  $13,200

Insurance Cost $1000 yr

Property Tax Cost $1000 yr

Mgmnt Co: $1320

Vacancy:  $1320

Repairs / Maintenance:  $1320

NOI:  13%

Key Words:  Fixer upper, Needs work, TLC, Handyman Special, Bank Owned, REO, Auction, Must Sell, Motivated, Estate Sale, Equity, As-Is, Owner Financing, Seller Financing, Seller Carry, Lease Option, Rent to own

View on map / Neighborhood

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