Mundelein Fix & Flip/ Rental

Description

Cheapest Deal in Mundelein! Now Only 63k!!
150k+ Spread!!!
Rare opportunity to acquire an Off-Market flip in Mundelein for well below 70k. Currently no single family homes in town are listed for less than 177k! Home is located in desirable Diamond Lake community. Low taxes! Minimal HOA Dues! (only $170 per year paid annually) includes private beach access and boat launch.
The interior has already been gutted down to the studs and is ready for rehab. Floor plan can accommodate 3 beds/1.5 baths or 3 beds/2baths.
House is a blank slate and will need new EVERYTHING, including mechanicals, electrical and plumbing (see pictures/video below). NEW ROOF! Cedar siding is in good shape. Portions of soffit and fascia need attention. Home sits on a spacious lot with a nice fenced-in yard.
Limited viewings by appointment only. POF required. See links to pictures/video below. Strongest consideration will be given to cash offers with zero due diligence.
Price: $63,000
ARV: $215,000
Estimated Rents: $1700-$1800
1048 Sq. Ft.
Year Built: 1933
2017 Taxes: $3388
Crawlspace
2 Car Detached Garage
Sold Comps:
26283 N. Maple Ave.
Mundelein, IL 60060
3 beds 2 baths 1,240 sqft
SOLD: $230,000 on 2/6/19
414 Lakeview Dr.
Mundelein, IL 60060
3 beds 2 baths 1,288 sqft
SOLD: $194,000 on 10/16/18 (not rehabbed)
Closing is scheduled for on or before 4/13/19 at ATG. Buyer pays ALL closing costs which includes title insurance, title company fees and transfer taxes. Taxes prorated at 100%. No survey provided.
*Brokers Welcome! Add your commission to the price.
This is a wholesale deal. We have an equitable interest and are selling our contract. Property is being sold “as-is”, “where-is.” All figures expressed either verbally or in marketing material are to be an estimate. There are no guarantees or assumptions, either made or implied. Buyer shall conduct own due diligence prior to contracting. Property is to be sold to CASH buyers only. To secure purchase, Buyer must deliver $5000 NON-REFUNDABLE deposit w/signed contract.

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