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8118 S Manistee Ave. Chicago, IL 60617

October 24, 2019

Perfectly located in the heart of south shore on a quiet tree lines street this solid brick two flat is an amazing rental or fix and flip investment. Each unit is 2BR 1 Bath + living room with a fire place, dining room, kitchen with eat in area and ample storage.

Concrete slab in the back for parking and a fully fenced and secured back yard.

Property needs work and is sold as is. basement can be converted into a garden unit or a laundry room. Seller Started renovations and purchased material is to be included with the sale.

 

Estimated repairs $50-80K depending on level of finishes.

 

Turn this into a cash cow rental and make $1,100 a month for each unit 

 

Or renovate and flip. ARV: $200,000:

 

Comps

7962 S. Kingston. Fully rehabbed brick building. Pending - $219,995

8019 S. Colfax. Fully rehabbed brick building. Sold in 2 days 6/2019 - $200,000

8407 S. Burnham. Fully rehabbed frame building. Sold in 14 days 9/23/19 - $185,000 

8306 S. Manistee. Not rehabbed brick building. Pending - $185,000

 

Asking Price: $84,900

 

This property is currently off-market and will be listed on the MLS on 11/1/19.

vacant and easy to show. Call or text James at 708-733-5383

 

 

 

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