🏠🔥 EASY FLIP BRRRR | Chicago, IL | Info and Pictures ➡️🔐

Description

Address: 1351 S Tripp Ave, Chicago, IL 60623

This 3 bedrooms / 2 bathrooms property makes sense for any rental investor or flip investor, even in today’s changing real estate market. A large equity spread in the deal. A potential easy flip property!

The property is VACANT. Please contact Dispo Manager for walkthrough details.

Deal Takeaways:

Large Equity in the Deal

All brick exterior

Roof is about 10 years old

HVAC is in good condition

Financials:

ARV: $210,000

Purchase Price: $107,500

Estimated Profit Details (Flipper/MLS Sale):

ARV: $210,000

(*) 94% for sale commissions

(-) $107,000 purchase price

(-) $40,000 rehab/make ready budget

(-) $3,000 closing / holding cost(=) ? profit

(=) $47,400 profit

Estimated Rental Profit Details:

$2,500 estimated monthly rent

(-) $92 monthly tax

(-) $90 monthly insurance

(-) $250 property management

(-) $250 recommended allocation for repairs, vacancy, etc(=) ?

(=) $1,818 net monthly cash flow

Property Details:

3 Beds / 2 Baths

924 Home Square Feet

3,150 Square Feet Lot Size

Year Built 1905