5105 W Melrose St Chicago IL Sold

$157,000 4 bd, 2 ba, 1800 sqft

Sold

Portage Park Brick Ranch home only $157,000 After Repair Value $475,000. Brick single family with a coach house in the back 4 beds 2 baths 1800 sq feet. Property needs cosmetic rehab. Add additional square footage for big profits. Many options, leave it as a multi unit with coach house estimated after repair value $278,000, make into a single family with garage estimated after repair value $270,000 , or add additional square footage. Sold comparables with an addition in portage park sold for $409,000 to $530,000. House can be rented for $1,700 per month. Coach house can rent for $800 per month total of $2,500 per month. Portage park is hot area act fast! First one with earnest money and contract gets the deal.
Taxes: $4,300

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ADD ADITIONAL 1,000 SQUARE FEET

Sold Comparables in Portage Park sold in last 12 months within 1/2 mile away. Comparables are if you add addition to the house. Click on comparable for more details of each one

5036 W PATTERSON Ave CHICAGO, IL 60641 $409,000 Sold Nov 24, 2015 3 Beds 3.5 Baths, 5 months on market
4733 W Patterson Ave CHICAGO, IL 60641 $475,000 Sold Feb 29, 2016 3 Beds 3.5 Baths, 4 months on market
3654 N Linder Ave CHICAGO, IL 60641 $518,000 Sold Feb 11, 2016 4 Beds 3.5 Baths, 2 months on market
5407 W Byron St CHICAGO, IL 60641 $536,060 Sold Jan 15, 2016 4 Beds 3.5 Baths, 4 months on market

Estimated After Repair Value $475,000 add addition over 1000 sq feet

REHAB EXISITNG PROPERTY MAKE SINGLE FAMILY HOME WITH GARAGE

Sold Comparables in Portage Park sold in last 12 months within 1/2 mile away. Similar style/size house. Comparables are for rehabbing existing property into a single family home. Click on comparable for more details of each one

4943 W Melrose St CHICAGO, IL 60641 $259,000 Sold Apr 20, 2015 3 Beds 2 Baths, 2 months on market
4744 W Patterson Ave CHICAGO, IL 60641 $275,000 Sold Jul 10, 2015 3 Beds 2 Baths, 2 months on market
5310 W MELROSE St CHICAGO, IL 60641 $260,000 Sold Jan 26, 2016 3 Beds 1 Bath, 3 months on market

Estimated After Repair Value $270,000 leave as single family home

LEAVE PROPERTY AS A 2 UNIT WITH THE COACH HOUSE

Sold Comparables in Portage Park sold in last 12 months within 1/2 mile away. Comparables are if you add addition to the house. Click on comparable for more details of each one

3439 N LAVERGNE Ave CHICAGO, IL 60641 $289,900 Sold Oct 23, 2015 5 Beds 3 Baths, 3 months on market
5023 W EDDY St CHICAGO, IL 60641 $280,000 Sold Oct 13, 2015 3 Beds 3 Baths, 3 months on market
3710 N Lockwood Ave CHICAGO, IL 60641 $277,000 Sold Dec 9, 2015 5 Beds 2 Baths, 2 months on market
3520 N Kilpatrick Ave CHICAGO, IL 60641 $267,000 Sold Nov 20, 2015 4 Beds 2 Baths, 3 months on market

Estimated After Repair Value $278,000, Rehab existing 2 units.

How To By

These properties sell very fast and are sold on a first come first serve basis, so if your interested and would like to put this property under contract please download the contract package below. Please fill out and fax back to us at (312) 572-9912. Or you can call the office at (312) 757-6489

Download Contract Here

The first one with a signed contract and $2,500 earnest money gets the deal.