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7053 S Winchester Avenue

Chicago, IL 60636
  • $95,500
  • STATUS: Active
  • ON SITE: 110 Days
  • MLS #: 11432384
UPDATED: 51 min ago
$95,500
  • 4
    BEDS
  • 0.07
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,200
    SQFT
  • $80
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1915
County:

School Ratings & Info

School District:
299

Description

We are pleased to present a cash-flowing, 4 home package consisting of 18 bedrooms and 7 bathrooms for $384,000 ($96,000 each or $110,000 each if purchased individually). All homes were renovated between 2005-2010. A buyer can invest $25K-$40K per property and flip them for $250K-$290K. The package includes: 1) 7934 S. Saginaw in Chicago's super-hot South Shore neighborhood! A jumbo 6-bedroom 2-bathroom that could become a 7/3 with some expansion into the basement. The long-term tenant is paying a way-below-fair-market rent of $1,050. 2) 7053 S. Winchester, which is a 4-bedroom 2-bathroom SFH in Super-Hot West Englewood that can be expanded to a 5/3. It too is rented below market for $1,100. 3) 6011 S. Paulina is a 4-bedroom 2-bathroom Englewood home that can become a 5/3 with basement expansion. Rented to a long-term, below-market tenant for $1,000. 4) 6428 S. Seeley, also located in super-hot Englewood, is 4-bedroom 1-bathroom home in Section-8 service for $1,150. All of these homes could easily command $1,500+ in monthly rental income, which conservatively raises the cap rate to 14%. Please note: Seller has access to the adjacent lot immediately to the south of the subject, which would make an excellent outdoor entertainment area or urban garden!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-09-30T19:01:19.713 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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7053 S Winchester Avenue Chicago, IL 60636

  • Price: $95,500
  • Status: Active
  • On Site: 110 Days
  • Updated: 51 min ago
  • MLS #: 11432384
4
Beds
2
Baths
0
½ Baths
0.07
Acres
1,200
SQFT
$80
$/SQFT
1915
Built
Neighborhood:
Chi - West Englewood
County:
Cook
Area:
Chi - West Englewood
School District:
299
Property Description
We are pleased to present a cash-flowing, 4 home package consisting of 18 bedrooms and 7 bathrooms for $384,000 ($96,000 each or $110,000 each if purchased individually). All homes were renovated between 2005-2010. A buyer can invest $25K-$40K per property and flip them for $250K-$290K. The package includes: 1) 7934 S. Saginaw in Chicago's super-hot South Shore neighborhood! A jumbo 6-bedroom 2-bathroom that could become a 7/3 with some expansion into the basement. The long-term tenant is paying a way-below-fair-market rent of $1,050. 2) 7053 S. Winchester, which is a 4-bedroom 2-bathroom SFH in Super-Hot West Englewood that can be expanded to a 5/3. It too is rented below market for $1,100. 3) 6011 S. Paulina is a 4-bedroom 2-bathroom Englewood home that can become a 5/3 with basement expansion. Rented to a long-term, below-market tenant for $1,000. 4) 6428 S. Seeley, also located in super-hot Englewood, is 4-bedroom 1-bathroom home in Section-8 service for $1,150. All of these homes could easily command $1,500+ in monthly rental income, which conservatively raises the cap rate to 14%. Please note: Seller has access to the adjacent lot immediately to the south of the subject, which would make an excellent outdoor entertainment area or urban garden!
Exterior Features

Architectural Style Traditional Exterior Building Type Frame Foundation Details Concrete Perimeter Lot Size Less Than .25 Acre Parking Details None Roof Asphalt Types 2 Stories Waterfront YN No

Interior Features

Approximate Finished Sq Ft 0 Attic Full Basement Unfinished Basement Bathrooms YN No Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 4 Cooling None Heating Natural GasForced Air Room Type No Additional Rooms Rooms Bedroom 2 (Second) Bedroom 3 (Main) Bedroom 4 (Main) Dining Room Family Room Kitchen (Main) Laundry Living Room (Main) Master Bedroom (Second) Rooms Total 6 Total Sq Ft 0 Unfinished Sqft 0

Property Features

Additional Parcels YN No Age 100+ Years Association Fee 0 Association Fee Frequency Not Applicable Association Fee Includes None Built Before1978 YN Yes Community Features CurbsSidewalksStreet LightsStreet Paved Corporate Limits Chicago Disability Access And Or Equipped No Electric Circuit Breakers General Information None Master Association Fee Frequency Not Required Master Association Fee YN No Mls Actual Status Active New Construction YN No Other Equipment Co Detectors Ownership Fee Simple Rebuilt YN No Sewer Public SewerSewer-Storm Special Listing Conditions None Tax Annual Amount 1309 Tax Year 2020 Township Hyde Park Type Detached Single Water Source Lake MichiganPublic

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Srfg, Inc: 773-968-1110.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-09-30T19:01:19.713 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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