🏘 🎯 Hidden Gem Duplex | Cosmetic Flip | Steger IL 🔑✨

Description

Address: 3321 Wallace Ave Steger IL 60475

4-bedroom / 2-bathroom Duplex!

Deal Takeaways:

Cosmetic rehab needed
Roof is in good condition
Exterior in good condition
Detached garage needs work
Financials:

ARV: $185,000

Purchase Price: $118,700

Estimated Profit Details (Flipper/MLS Sale):

ARV: $185,000

(*) 94% for sale commissions

(-) $118,700 purchase price

(-) $20,000 estimated rehab costs

(-) $5,000 esti. closing / holding cost

(=) $30,200 profit

Estimated Rental Profit Details:

Rental Income: $2,200

(-) $312 monthly tax

(-) $110 monthly insurance

(-) $220 property management (estimated recommnedation)

(-) $220 recommended allocation for repairs, vacancy, etc (estimated recommnedation)

(=) $1,338 a month

Property Details:

1,633 Home Square Feet

9,375 Square Feet Lot Size