6 bedroom house for sale
$245,000 - Chicago IL 60636Chicago IL 60636
6 bedroom house for sale
- Beds: 6
- Baths: 2
- Price: $245,000
- Reference No.: 71806695
Advertisement
Overview
The rent rate also gives credence to the business model of this area, containing an overall rent rate of $1, 300 to $1, 600 for a 3-bedroom, 1-bathroom apartmentINVESTORS SPECIAL/203K Special: This property presents a compelling opportunity for the discerning investor or savvy buyer looking to make their mark. Situated in a desirable location with promising potential, the owner's eagerness to sell, coupled with the SOLD AS IS condition, opens the door for creative visionaries to transform this space into something extraordinary. Although the property may not comply with FHA, Conventional, or VA requirements right now, that in no way should be a dampener for the far-sighted man. In fact, it is under such a state of affairs that the opportunity may easily appeal to one looking for investment avenues, such as through the 203K loan program, or to individuals capable of taking up renovation projects to unlock the property's real value. At the core of this property is a rough diamond. With comparable sales in the area coming in at an after-repair value of $400, 000, there is room for value appreciation upon strategic renovations and upgrades. The possibilities are endless-be it turning it into your own family home or realizing maximum income potential with this investment property. By finishing the basement, the property could hold another 2 to 3 more rooms on the first floor, thereby making it an excellent 6-bedroom, 2-bathroom apartment. This allows for a duplex setup, truly making it nice and feasible both for home and investment. The rent rate also gives credence to the business model of this area, containing an overall rent rate of $1, 300 to $1, 600 for a 3-bedroom, 1-bathroom apartment. In so doing, this provides a more than stable platform in being able to accrue consistent rental income for the property's potential investment returns. In short, yes, some initial work and investment will need to be done on the property, but all of the preliminary stuff is in place now for a successful adventure. With a little vision, resources, and expertise, this piece of property can become something greater than a home to you; it can become a lucrative investment opportunity. Just a blank canvas ready for your innovative touch to make it the next masterpiece. For more details and to contact: https://realtyww.info/homes_chicago-d523258/for-sale_i71806695
House Chicago
This House for sale is located at Chicago IL 60636. The home has 6 Bedroom and 2 Bathrooms. This 6 bedroom House in Chicago IL is for sale for $245,000 .
Disclaimer
2024-05-13, Viewed 8 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-05-13, Viewed 8 times.
Search more listings
- Top 100 1 bedroom apartment for rent new york city new york city elevator
- Top 10 2 bedroom house for sale florence az pool
- Top 10 1 bedroom apartment for rent wynnewood pa laundry
- Top 10 3 bedroom house for sale bellingham wa shopping
- Top 50 2 bedroom apartment for rent montral qc sauna
- Top 20 2 bedroom apartment for rent jenkintown pa pool
- Top 20 2 bedroom house for sale memphis tn renovated
- Top 20 1 bedroom apartment for rent desoto tx balcony
- Top 100 2 bedroom apartment for rent chandler az appliances
- Top 20 2 bedroom apartment for rent wetaskiwin ab parking
- Top 10 3 bedroom house for sale orange tx laundry
- Top 20 2 bedroom house for sale naples fl backyard