HUGE VALUE ADD!!! **SUPER LOWER TAXES** NO FHA. BUY A DUPLEX AT BETTER THAN THE 1% RULE, REHAB COACHOUSE FOR ADDITIONAL 1350/MONTH IN RENT. COACHOUSE IS LISTED WITH CHA AS A SINGLE-FAMILY RESIDENCE WHICH DEMANDS HIGHER RENTS FROM CHA. UNIT 1 CAN CONSERVATIVELY BRING IN 1200/MONTH UNIT 2 CAN CONSERVATIVELY BRING IN 1300/MONTH OWNER HAD RETAIL RENTS AT 1400/MONTH OVER A YEAR AGO RENTAL ANALYSIS IN ADDITIONAL DOCUMENTS MAIN BUILDING IS A 2 FLAT WHICH IS MOVE-IN READY, PERFECT FOR NEW TENANTS. 1ST FLOOR HAS 2 BEDROOMS, LIVING RM, DINING RM, FULL KITCHEN, AND A BATHROOM. 2ND FLOOR HAS 3 BEDROOMS, LIVING RM, FULL KITCHEN, AND A BATHROOM. FULL UNFINISHED BASEMENT WITH LOTS OF STORAGE. COACH HOUSE (LEGAL 3RD UNIT) IS IN NEED OF A FULL REHAB. THIS IS THE GOLDEN NUGGET OF THIS DEAL. ******LIST AGENT HAS VERIFIED RENTAL POTENTIAL WITH LOCAL PROPERTY MANGEMENT COMPANY. ******CONTACT LIST AGENT FOR LENDER WHO WILL LEND ON THIS PROJECT IF NEED BE. ***BUILDING IS LOCATED IS ONE OF CHICAGO TIF DISTRICTS WHICH MEANS A PORTION OF PROPERTY TAXES FROM THE DISTRICT ARE RESERVED FOR REDEVELOPMENT PROJECTS WITHIN THE DISTRICT***PROPERTY ALSO LOCATED IN A LOW CENSUS TRACT INCOME LEVEL AREA, WHICH COULD POTENTIALLY QUALIFY FOR DOWNPAYMENT ASSISTANCE PROGRAMS. THIS HOUSE QUALIFIES FOR MMRP $30, 000 DOWNPAYMENT GRANT, CHECK WITH YOUR LENDER FOR PROGRAM GUIDELINES******SOLD AS IS***SELLER IS AN ILLINOIS LICENSED REALTOR (NOT RELATED TO LISTING AGENTS)
