Cosmetic Fix and Flip: West Englewood SFR

6638 S Seeley Ave, Chicago, IL 60636

$215,000 After Repair Value -
$100,000 Asking Price -
$0 Cost of Repairs =
$115,000 Potential Profit

Property Details

Asking Price $100,000

After Repair Value $215,000

Costs of Repairs $0

Potential Profit $115,000

Living Area 3125 ft2

Property Type Single Family House

Bedrooms 5

Bathrooms 2

Half Bathrooms N/A

Parking 1

Listed with Agent 1

Property Description

Please email us at for more information about this property. Zestimate: $179,900Frame SFR with New Windows 4+1 bedroom, 2 bath Property Size: 968+ sqft (Assessor is Wrong) Lot Size: 3,125 sqft Built: 1913 Property Taxes (2019): $1,044.73Fix and FlipRehab Needed: Cosmetic rehab inside and out, new kitchen, new baths, submit architectural plans to the cityEstimated After Rehab Value: $215,000+This single family home is in a gentrifying area of West Englewood with the Whole Foods two miles away. The street is gentrifying and property values increasing steadily. The home is in good condition with cosmetic repairs needed to capture high ARV. The property had a dormer built prior to the current owner but the city is asking for building plans to be submitted eventually. There is a new floor in the dormer and there are all new windows except for the attic. There is a new plumbing stack and recent plumbing repairs with copper piping. There is a new electrical meter and hookup. The property has two hot water heaters, one older and one newer. We are assigning our contractual rights to purchase the property. The deal goes to the highest and best offer that submits earnest money by the offer deadline.


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