1401 William St River Forest IL $650,000 Investor Special

This property is available again and we are seeking a buyer. We had this under contract with a purported investor that ha ha ha – had no money at the end of the day to get the deal closed. He jerked our chain for over a month. Lesson learned – can’t take everyone at their word. Certainly got burned by this one. We have a certified appraisal on this property for $933,000. The projected rehab is $72,000, and I have been informed that if you want, you can use the contractor that gave that estimate. Of course the rehab could be higher depending on the level of rehab that you actually perform. This is a great deal for an investor in this area.

River Forest Investors this is a great deal on an already attractive property. The market is Neutral and good for the buyer and seller in this area.

5 bedrooms – 3.5 bathrooms –

Very Large 5 bedroom 3.5 bathroom home with a 2-car attached garage. In-ground pool & hot-tub with heated walkways in areas where pool and hot-tub are. Home has two stairways leading up with two hall bathrooms. Built in 1952, the craftsmanship of this home is outstanding. The basement is partially finished and would make a great home-theatre. This property sits on .28 acres on a corner lot.

INVESTOR OPPORTUNITY Purchase Price $650,000 – ARV – $930,000 REHAB – $85,000 Potential Profit $145,000