🔥 Chicago Greystone Townhomes | Full Gut Rehab | Huge ROI
6 Beds / 2 Baths • 5,360 SqFt
Offer Submission Deadline
-
Single Family House -
6 -
2 -
1882 -
5360 -
5360 -
No Garage
Description
📦 Condition: Needs full rehab but not down to the studs — solid bones, ready for renovation
Highlights
- Two attached fee-simple greystone townhomes (not condos or a legal 2-flat)
- Each unit can be sold, rented, or refinanced individually for flexible exit strategies
- Strong ARV potential and solid brick construction
- Ideal setup for a BRRRR, flip, or rental portfolio addition
- Located near public transit, schools, and ongoing South Side redevelopment
Investment Potential
- Estimated ARV (each): $180K+
- Total ARV (both): $360K+
- Section 8 Rent Estimates:
- • 3-bed: ~$1,710/mo
- • 4-bed conversion: ~$1,980/mo
- Great ROI opportunity for investors comfortable with rehab
Buyer pays closing costs and any assignment/TC fees.
Estimated Spread
- ARV $360,000
- Price $130,000
- Spread $230,000
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