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Chicago Real Estate Investing: The South Side

So you’re looking to invest in Chicago’s South and/or South West Side, eh? As a wholesaler, the south side is a typical place to start looking for deals, as many investors are currently buying out the foreclosures. Now before we continue let’s set up some parameters for when I say, “South Side”. I am specifically speaking of neighborhoods south of 55th, east of the Dan Ryan and Highway 57, west of the Skyway, and stopping before Calumet City

Chicago Wholesale Deal: Belmont Cragin 4 Legal, + 2 In laws In Attic.

This multi-family home is a must have for any investor looking for a property to fix n hold. Located between Belmont and Cragin neighborhoods in Hansen Park, this property is surrounded by an elementary school and Prosser High School.

This investment property has a total of 4 units plus 2 in-laws. Each unit has 2 bedrooms and 1 bath. Rent in the area run $850-$950. It is possible to make $60,000 in one year on rent!

Chicago Wholesale Deal in West Humboldt! Asking: 39.9K ARV: 260K+

This is a gem! Previous owner had it tuck-pointed, installed a new porch, and installed air ducts with vents still in place! The second floor is a 3:1 with the kitchen, bathroom, and floor needing most of the work. The 2nd floor needs a bit more dryway on the cielings, and the ktichen and bathroom also need to be redone. This investment sports an unfinished basement.The basement has water heaters in tact, as well as the new forced are system. This beauty has a newly built fence around the sides, but needs a new fence in the back yard, and the front. We estimate the repairs around 45k.