• Address: 1425 Center Ave, Chicago Heights, IL 60411 (map)
• Date Posted: 10/26/09

HUGE PRICE DROP!!!!!!!

This 2 flat worth over $130k(see comps below) will cash flow after repairs. Each unit can rent between $800-$1000 a month. The first floor unit has 3 bedrooms and 1 bathroom and the second floor unit has 2 bedrooms and 1 bathroom. Each unit has it's own electric meter.

The property needs $40k in work, approximately $20k per unit. Repairs needed: new kitchens, new bathrooms, roof repair, drywall work, siding, electric panel update, some windows, paint and carpet.

This won't last asking $13,500!!

Property was appraised on an After Repaired Value for $165k on 5/08.

Comps:

1642 Thorn St 10/14/08 $185,000
1038 Emerald Ave 7/2/08 $138,000

For more information on this property call Matt Lohse 630-857-6457.

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