Wholesale Fix And Flip Cash Flowing

Discounted Brick Duplex — 55% of ARV

7123 S Peoria St, Chicago, IL 60621

$350,000 After Repair Value -
$195,000 Asking Price -
$50,000 Cost of Repairs =
$105,000 Potential Profit

Property Details

Asking Price $195,000

After Repair Value $350,000

Costs of Repairs $50,000

Potential Profit $105,000

Living Area 2076 ft2

Property Type Duplex

Bedrooms 5

Bathrooms 2

Half Bathrooms 0

Parking 1

Listed with Agent No

Property Description

2 Units - 5 bed/2 bath
3 bed/1 bath & 2 bed/1 bath
Fully rented, collecting $2300 total

Renovated: new plumbing, electric, hot water heater and furnace for each unit. roof is less than 5 years old. 

Distress: Porch needs replacement and basement is unfinished.
Violation on the porch, architectural plans approved by the city.

2 car parking pad

Estimated rehab: 50k
ARV: 350k
Ask: 195k

ARV COMPS
7204 S Union Ave, Chicago, IL 60621 - 345k
7548 S Harvard Ave, Chicago, IL 60620 - 355k
6846 S Peoria St, Chicago, IL 60621 - 370k
6726 S Emerald Ave, Chicago, IL 60621 - 396k

LEASES
Unit 1 - 10/2027
Unit 2 - 12/2026

Repairs Needed

There\'s a violation on the porch. The architect from the city provided the owner with a 25k estimate, the plans have been approved by the city. The rest is cosmetic.

CONTACT LISTING OWNER

James Wolf

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