10606 S Prospect

Chicago, IL 60643

Wow, this is a slam dunk investment for both investors and retail buyers! *Property Located In Opportunity Zone* Rare opportunity to purchase a great multi-unit investment in one of Chicagoland's premier neighborhoods - Beverly! Skip all the conventional mortgage paperwork, this property has been approved for financing with a very reputable Hard Money Lender that funds Chicagoland Deals! Asking price is only $359,000! The "As Is" Appraised Value is $365,000 (November 2019)! The After-Repair-Value is $489,000! Renovated brick 2-unit properties within a square mile sold for an average of $489,000 within the past 10 months in Beverly! Retail buyers - Live for free on the top floor and let the first-floor tenant pay your mortgage or live like a King or Queen in the massive 5 bedroom, 3 bath first floor duplex and let the top floor tenant pay the lion's share of the monthly mortgage payment! The Beverly neighborhood is always smoking-hot no matter the season, no matter the market! This is an excellent opportunity for a smart first-time home buyer that wants to start building a rental portfolio or the seasoned investor that wants to add a flagship rental to their existing portfolio. There is plenty of equity built into the asking price which provides the new owner with the room to customize the vacant unit to your liking! The occupied top floor unit is currently being rented for $1,573 per month (lease expires March 2020). The massive vacant duplex-ed unit has the potential to rent for $2,000+ after cosmetic upgrades applied. That's $3,500+ per month in rental revenue! Tenants pay their own electric and gas! Laundry hook up already prepared, add coin laundry for extra cash flow. Bring your renovation ideas! After you give the outside a face-lift and update the first-floor unit this building will surly stand out from the rest! Close proximity to downtown Beverly and Saint Xavier University! Kick off the New Year the smart way by purchasing this property that will pay dividends for many decades to come! FHA, FHA 203k and conventional loans are all acceptable although, the seller heavily prefers conventional financing. If offer is FHA in nature it would need to be very, very close to full asking price.