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$28000 / 3br - 1800ft² - AMAZING WHOLESALE CONDO 14 percent cash on cash return . (South Shore)

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3BR / 2Ba 1800ft2 condo available aug 21

Address 6802 S Crandon Avenue
Chicago, IL 60649
Cook County
Get a Map!
Asking Price $28,000.00
Type Condo

Beds 3
Baths 2
Sq. Ft. 1800 sq ft
Garage None
Basement None


Good Condition Condo Available in the South Shore area of Chicago Just Buy and rent out right away. Only 28,000. 1800 sqaure feet 3 bedrooms, 2 bathrooms. Buy and hold for a 14 percent cash on cash return .

Pictures are here

Taxes 953 per year


Buy and Hold
Purchase price 28,000
Rehab 4,000 (paint, refinish flooring)
Operating expenses 8200 (Association fees 611 per month)
Vacancies/maintenance 1980
Rental income 1100 per month. 13200 per year
Net cash 2967 per year
Cash on cash return on 14 percent

Comparables:
6844 S South Shore Dr #3 Chicago, IL 60649 Sold On: Jun 4, 2014 $50,000
6810 S Paxton Ave Unit 1S CHICAGO, IL 60649 Sold On: Jul 2, 2014 $64,000
7020 S Paxton Ave Unit 2S Chicago, IL 60649 Sold On: Apr 30, 2014 $55,750
Estimated After Repair Value 56,000


Act Fast this will be gone Fast. The first one with a signed contract and 2,000 earnest money gets the deal.

Buyer pays ALL closing costs. Buyer will receive taxes prorated to 100 percent and free and clear title

Realtors add whatever fee you want.

Proof of funds required for viewing.

Please do your own due diligence.

Do you know someone that would buy this deal please forward this email we do compensate for referrals

Do you need money? We have hard money lenders ready to lend. Call us for more details.


*DISCLAIMER: This information is deemed reliable but is not guaranteed.
  • do NOT contact me with unsolicited services or offers

post id: 4630043041

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