Transaction Highlights
- Address: 11547 S. Hale Ave Chicago, IL 60643
- Repairs: Finish Rehab
- Asking Price: $150,000
- AVR: $275,000
- Rents for up to: $1,587 per month
This is a 1,225 sqft brick single family property built in 1920 with plans for a 4 bedrooms and 2 bathrooms design with a new construction 2 car attached garage already built on a 3,760 sqft.
This property was purchased in 2019. It was already gutted, installed new electrical and plumbing and while installing drywall. The city of Chicago said, they needed to get full MEP plans. That process took all their money and the loan is coming due….So they want out!
The price includes the plans from the architect which is in the final stages of approval with the city. Come place your design on this amazing house and finish it out for maximize value for a flip or rental property.
The taxes are only $ 4,016/year.
Sold Comparables within a few blocks:
- 11659 S Hale Ave – 287K – 4 Bed 3 Bath – Sold 10/2020 – https://www.redfin.com/IL/Chicago/11659-S-Hale-Ave-60643/home/13069465
- 11646 S Hale Ave – 264K – 3 Bed 2 Bath – Sold 01/2020 – https://www.redfin.com/IL/Chicago/11646-S-Hale-Ave-60643/home/13069715
- 11807 S Hale Ave – 289K – 4 Bed 3 Bath – Pending – https://www.redfin.com/IL/Chicago/11807-S-Hale-Ave-60643/home/13068836