Ton’s of Cashflow potential with this 30 units in the Lawndale area of Chicago IL. Only $375,000 $310,000. Potential to earn over $145,000 per year in profit. And up to 17 percent return.
The building needs a full gut rehab.
Professional contractors have estimated repairs to be raging from $590k to $750k. Property is completely vacant and is ready to be rehabbed with 25 studios, 5 one bedrooms apartments and 1 large retail space that can be converted into a laundry mat bringing in $5,000 per month in projected income.
You can also convert the studio apartments into 16 2 bedroom apartment.
Building features new roof, some new windows, new gutters.
Again needs full gut rehab inside.