- Status Sold
- Sale Price $65,000
- Bed 6 Beds
- Bath 2 Baths
- Location Worth
Investor/handyman special!! Purchase is for a seasoned investor only and not a homeowner. AMAZING potential in this Blue Island 2-flat! Each unit has 3 bedrooms and 1 full bathroom. Both kitchens has a large eat in area and abundant cabinetry. Spacious bedrooms are all conveniently located near a full bath. MASSIVE unfinished basement and attic! Bonus detached 2-car garage! Walk to Hart Park. Easy access to I-57 and I-294! Surrounded by TONS of dining, shopping, and recreational options! Don't miss out on this rare opportunity! Once renovated -- the 3 bedroom unit can rent for $1,300 (around $1,500 Section 8). Cash-only sale with minimally-moderate renovations for under $200k. Net cash flow: $30k net profit annually with just the 2 units (15% cap rate)! Once occupied, refinance is an option to pull out equity and have a mini cash cow for life.
General Info
- List Price $95,000
- Sale Price $65,000
- Bed 6 Beds
- Bath 2 Baths
- Taxes $5,805
- Market Time 12 days
- Year Built 1893
- Square Feet 2548
- Assessments Not provided
- Assessments Include None
- Listed by
- Source MRED as distributed by MLS GRID
Rooms
- Total Rooms 10
- Bedrooms 6 Beds
- Bathrooms 2 Baths
- Living Room 13X10
- Family Room 13X10
- Kitchen 13X10
Features
- Heat Gas, Forced Air
- Air Conditioning Central Air
- Appliances Not provided
- Amenities Curbs/Gutters, Sidewalks, Street Lights, Street Paved
- Parking Garage
- Age 100+ Years
- Exterior Aluminum Siding